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FOCAC Summit: The Chinese textile group Sunrise invests 422.2 million dollars in Morocco

11/09/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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During a meeting between Sunrise Group President Lei Xu and Moroccan Prime Minister Aziz Akhannouch at the summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, it was announced that the Sunrise Group is investing 422.2 million dollars in Morocco.

L'investissement du groupe Chinese Sunrise in Morocco should help create 11,000 direct jobs in different regions of the country over the course of next three years. In reality, the textile industry plays a crucial role in the Moroccan economy, representing an important part of national production. The Moroccan government has long made this sector a key driver of economic growth. For his part, the Moroccan Prime Minister expressed his firm support for the Chinese company's investment projects, recognizing their potential to revitalize the Moroccan textile sector and contribute to the government's job creation strategy

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