Following the agreement on the projects in Rabat, China’s Sunrise Group will invest 2.3 billion dirhams (~$240 million) to establish two textile mills in Morocco, the Moroccan government has stated.
Rising Sun’s initial manufacturing locations in Morocco, the plants in Fez and Skhirate, close to Rabat, are estimated to generate 7,000 direct and over 1,500 indirect jobs.
The prime minister’s office of Morocco said in a statement that they will create yarn, textiles, and clothing to assist Moroccan producers in meeting worldwide orders without middlemen and so help to lower logistical costs. The initiatives will also enable a coordinated supply chain development.
Mostly, Morocco sends its textile goods to Europe.
According to domestic media sources, the government further claimed that the project complements Morocco’s larger plan to boost its industrial sector and enhance its leadership in regional textile manufacture.