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Qatar-Morocco contracts reach $27.4 mln

Qatar-Morocco contracts reach $27.4 mln
Qatar Development Bank (QDB) has announced that 3 commercial contracts, signed between Qatari exporters and Moroccan importers, are worth QAR 100 million ($27.4 million), Hespress reported.

The Bank’s statement showed that the contracts were signed during mutual meetings held by the QDB in Morocco. Irrigation and plastic products, in addition to 13 other products in several vital sectors were displayed in the meetings.

Qatar’s Finance Minister said that Qatari investments in Morocco are worth $1.2 billion. The General Secretariat of the Federation of the GCC’s recent report showed that the Qatari-Moroccan trade volume is approximately $150 million.