Morocco Signs $230 Million Textile Deal with Chinese Firm in 2025
Casablanca, Morocco – March 2025
In a major boost to its textile industry, Morocco has signed a landmark investment agreement with China’s Sunrise Group, committing MAD 2.3 billion (approximately $230 million) to expand the country’s textile manufacturing capabilities. The deal, announced in Casablanca, is set to generate approximately 8,500 jobs and reinforce Morocco’s position as a key player in global textile production.
Strategic Investment in the Textile Sector
The agreement was finalized on March 20, 2025, between Sunrise Group President Xu Lei and Moroccan Prime Minister Aziz Akhannouch. It marks one of the largest foreign direct investments (FDI) in Morocco’s textile sector in recent years.
Moroccan Minister of Industry and Trade Ryad Mezzour stated, “This partnership underscores Morocco’s attractiveness as an investment destination and strengthens our position in the global textile supply chain. We are confident that this collaboration will foster job creation and drive industrial growth.”
Key Features of the Deal
- Investment Amount: $230 million (MAD 2.3 billion) in textile manufacturing infrastructure.
- Job Creation: 8,500 direct employment opportunities in production, logistics, and administration.
- Manufacturing Expansion: Construction of new factories and upgrading existing textile plants.
- Sustainability Focus: Implementation of eco-friendly textile production techniques to align with Morocco’s environmental goals.
- Export Growth: Strengthening Morocco’s role in supplying textiles to European and North American markets.
Economic and Industrial Impact
The textile industry is a crucial pillar of Morocco’s economy, accounting for a significant share of exports and industrial employment. The new investment is expected to:
- Enhance Morocco’s competitive edge in sustainable and high-quality textile production.
- Strengthen trade relations between Morocco and China.
- Reduce reliance on textile imports, boosting local industry development.
- Encourage further foreign investments in the Moroccan industrial sector.
Economic analysts highlight that this deal could position Morocco as a leading textile exporter in Africa and the Mediterranean region, benefiting from its strategic geographical location and existing trade agreements.
Sunrise Group’s Commitment to Morocco
Sunrise Group, a global leader in textile manufacturing, has emphasized its long-term commitment to Morocco. Company President Xu Lei noted, “Morocco offers an ideal environment for textile investment, with its skilled workforce, proximity to key markets, and government support for industrialization. We are excited to bring our expertise to this dynamic market.”
Future Prospects and Expansion Plans
This deal aligns with Morocco’s broader industrialization strategy, which includes:
- Developing more industrial free zones to attract foreign investors.
- Enhancing vocational training programs to equip the workforce with advanced textile manufacturing skills.
- Promoting sustainability in textile production, reducing water and energy consumption.
Conclusion
The $230 million textile deal between Morocco and Sunrise Group marks a significant milestone for the country’s industrial sector. By fostering job creation, strengthening international trade ties, and promoting sustainable manufacturing, this investment is set to drive Morocco’s economic growth and solidify its position as a textile production hub in the coming years.