Morocco is taking a major step forward in the textile industry with a significant investment agreement signed between the government and the Chinese giant Sunrise. On Thursday in Rabat, Prime Minister Aziz Akhannouch oversaw the official signing of a deal worth 2.3 billion dirhams, a move that strengthens the sector’s competitiveness and further establishes Morocco as a key regional hub.
The investment will lead to the construction of two industrial units in Skhirat and Fès, creating a fully integrated textile supply chain. The primary goal is to reduce reliance on imports, streamline production timelines, and cut logistical costs. The economic impact is expected to be substantial, with the project set to generate 700 direct jobs and over 1,500 indirect positions.
Sunrise’s decision to establish operations in Morocco aligns with the country’s industrial development strategy, in line with the vision of King Mohammed VI. This agreement boosts Morocco’s textile sovereignty by ensuring a local supply of yarn, fabrics, and finished products, while also providing domestic businesses with competitive access to international markets.
Beyond its economic benefits, the initiative represents a significant boost for employment. In total, 8,500 jobs are projected to be created, supporting the government’s priorities of professional integration and industrial recovery.
Prime Minister Akhannouch emphasized that this project reflects the confidence of foreign investors in Morocco’s economy and reinforces the nation’s appeal as a prime destination for international capital. He also highlighted the strong relationship between Morocco and China, shaped by the strategic vision shared by King Mohammed VI and Chinese President Xi Jinping.
This partnership is the result of ongoing discussions between the two nations, culminating in a pivotal meeting in September 2024 in Shanghai between Aziz Akhannouch and Xu Leil, the president of Sunrise.
The agreement was signed by key Moroccan officials, including Interior Minister Abdelouafi Laftit, Economy and Finance Minister Nadia Fettah, Equipment and Water Minister Nizar Baraka, Industry and Trade Minister Ryad Mezzour, and Budget Minister Fouzi Lekjaa. Also present was Ali Seddiki, Director General of the Moroccan Agency for Investment and Export Development.
