The Chinese group Sunrise is investing 2.3 billion dirhams in Morocco to boost the textile sector and create 8,500 jobs. This project aims to strengthen local integration and the sector's competitiveness in the international market

The Head of Government, Aziz Akhannouch, presided over the signing of a major investment agreement with the Chinese group Sunrise, a global player in the textile industry

This agreement, valued at 2.3 billion dirhams, provides for the establishment of two industrial units in Skhirat and Fez, thus creating 7,000 direct jobs and 1,500 indirect jobs

This strategic project aims to strengthen the competitiveness of the Moroccan textile sector through the development of an integrated supply chain, reducing logistics costs and optimizing production times. It will allow local businesses to source directly from yarn, fabrics, and apparel products without intermediaries, thus improving their competitiveness in the international market

During his speech, Aziz Akhannouch highlighted the importance of this investment, which reflects the excellence of relations between China and Morocco, driven by the strategic vision of King Mohammed VI and Chinese President Xi Jinping. He also emphasized the positive impact of the project on employment, in full alignment with the government's policy of promoting labor

The signing of this agreement is the result of multiple meetings between both parties, including one held in Shanghai in September 2024 between the Head of Government and the president of Sunrise. The event was attended by several Moroccan ministers and the director general of the Moroccan Agency for Investment and Export Development

With this investment, Morocco strengthens its position as a regional hub for the textile sector and confirms its attractiveness to foreign investors. A strategic advancement that opens new opportunities for the national industry

The source of the article is l'observateur