Site icon News Portal NP

Sunrise Group invests 4.1 billion dirhams to boost Morocco’s textile industry

Sunrise Group invests 4.1 billion dirhams to boost Morocco’s textile industry

Morocco’s Textile Industry to Receive Boost from Chinese Investment

Sunrise Group invests 4.1 billion dirhams to boost Morocco’s textile industry

During the recent Forum on China-Africa Cooperation (FOCAC) Summit in Shanghai, Prime Minister Aziz Akhannouch met with Lei Xu, the head of the Chinese textile giant Sunrise Group, marking a significant development for Morocco’s textile industry.

Sunrise Group announced a strategic investment of 4.1 billion dirhams, aiming to create 11,000 direct jobs in Morocco over the next three years. The Moroccan government has pledged full support for the project, recognizing its potential to boost job creation and enhance the industry’s competitiveness.

With a strong focus on integrating Morocco’s textile industry into international value chains, this investment is crucial for sustaining the industry’s growth amidst escalating global competition and rising wages. By prioritizing high-value categories and global integration, Morocco’s textile sector can maintain its profitability and relevance in the market.

As Morocco strives to modernize and revitalize its textile industry, partnerships with global players like Sunrise Group are pivotal for securing its competitive edge and long-term sustainability.

[ad_2]

Source link

Exit mobile version