Morocco has secured a 2.3 billion dirham ($230 million) investment from China’s Sunrise Group to bolster its textile sector, in a deal aimed at strengthening the Kingdom’s role in global supply chains.
Head of Government Aziz Akhannouch chaired the signing ceremony in Rabat on Thursday, hailing the agreement as a milestone in Morocco’s efforts to enhance industrial competitiveness and attract foreign capital. The deal aligns with HM King Mohammed VI’s vision to position Morocco as a regional manufacturing and export hub.
The investment will see the establishment of two industrial units in Skhirat and Fez, creating 7,000 direct jobs and over 1,500 indirect ones. The project will also enhance local sourcing of textiles, cutting lead times and costs for Moroccan manufacturers while improving access to global markets.
“This strategic investment underscores the confidence of foreign investors in Morocco and strengthens our position as a regional leader in the textile industry,” Akhannouch said.
The agreement follows a series of negotiations between Moroccan officials and Sunrise Group executives, culminating in a high-level meeting in Shanghai in September 2024 between Akhannouch and Sunrise Chairman Xu Leil. The Chinese group, a global player in textiles with subsidiaries across Asia, views Morocco as a strategic gateway to European and African markets.
The deal is expected to generate 8,500 jobs in total, supporting the government’s employment agenda.
MAP: 20 March 2025
