Sunrise Textile plans to invest 1.7 billion yuan in building a green textile industrial park in Morocco

According to the Chinese Embassy in Morocco, on March 20 local time, Sunrise Group signed an "Investment Agreement" with the Kingdom of Morocco, planning to establish a project company to invest in the construction of the "Sunrise (Morocco) Green Textile Industrial Park Project."

The total investment in the project is expected to not exceed 2.29 billion Moroccan dirhams (approximately 1.716 billion yuan). Two factories will be established in Mosqulírat and Fez, with a planned annual production of 100,000 spindles of high-quality cotton yarn, 10,800 tons of high-end woven and dyed fabrics, 15 million meters of high-end woven fabrics, and 22 million pieces of high-quality clothing. The project will be implemented in phases, with a construction period expected to be no more than five years.

The textile and apparel industry is an important traditional pillar industry in Morocco, with over 1,600 textile and apparel enterprises (as of 2024), employing 220,000 people. The output value of the textile and apparel industry accounts for 15% of GDP, and textile and apparel exports make up one-fourth of the country's total exports, with competitive labor costs.