Morocco and China Sign Investment Agreement to Boost Textile Sector

Moroccan Prime Minister Aziz Akhannouch announced that the investment agreement signed with the Chinese group “Sunrise” will create 8,500 jobs, both direct and indirect, in Fez and Skhirat. This agreement, valued at 2.3 billion dirhams, aims to enhance the competitiveness of Morocco’s textile sector and strengthen its position as a regional leader.

Akhannouch highlighted the excellent strategic relations between Morocco and China, which have facilitated this significant investment. He noted that these projects will contribute to the development of yarn, fabric, and garment production, thereby supporting local supply chains and reducing logistical costs.

The agreement was signed in Rabat on Thursday, March 20, 2025, and involves the establishment of two industrial units in Skhirat and Fez. These facilities will not only generate employment opportunities but also help Moroccan companies access new markets more efficiently.

This investment is part of broader efforts to strengthen cooperation between Morocco and China in the textile sector, following recent meetings between Moroccan officials and Chinese textile leaders. The project aligns with Morocco’s strategy to become a major industrial hub in the region, leveraging its free trade agreements and strategic location to access key markets like Europe and Africa.

About محمد الفاسي