The Head of Government presides Over the signing ceremony of an investment agreement with the Chinese Group SUNRISE, a leading textile company

• The project will create 7,000 direct jobs and over 1,500 indirect jobs.
• A 2.3 billion dirham investment aimed at strengthening the competitiveness of the national textile sector.

On Thursday, March 20, 2025, in Rabat, the Head of Government, Mr. Aziz Akhannouch, presided over the signing ceremony of an investment agreement with the Chinese group Sunrise, a global leader in the textile sector. This initiative aims to enhance the competitiveness of the sector in Morocco and strengthen the Kingdom’s position as a regional leader in textiles, in line with the enlightened vision of His Majesty King Mohammed VI, may God assist him.
As part of this project, which involves a total investment of 2.3 billion dirhams, two industrial units will be established in Skhirat and Fez. These facilities will contribute to the development of an integrated textile supply chain, generating 7,000 direct jobs and over 1,500 indirect jobs, while reinforcing Morocco’s role in global value chains.
This investment will play a crucial role in facilitating the local supply of yarn, fabrics, and garments for Moroccan companies, thereby reducing lead times and logistics costs. It will also enable businesses to fulfill international orders without intermediaries, enhancing the efficiency of the national textile sector and bolstering the competitiveness of Moroccan enterprises in new markets.
In his speech at the event, the Head of Government emphasized that this major project reflects the strong ties between Morocco and China, guided by the strategic vision of His Majesty King Mohammed VI and His Excellency Xi Jinping, President of the People's Republic of China. He also highlighted that this agreement reaffirms foreign investors' confidence in Morocco and consolidates the country’s status as a regional textile hub.
Mr. Akhannouch further noted that the investment agreement with Sunrise will have a positive impact by creating 8,500 jobs, aligning with the government’s strategy, which places a high priority on employment promotion.
 

The signing of this agreement marks the culmination of a series of constructive meetings between the two parties, the most recent of which took place in Shanghai in September 2024, when the Head of Government met with the President of Sunrise Group, which operates subsidiaries across several Asian countries.
The investment agreement was signed on behalf of Sunrise Group by its President, Mr. Xu Lei, and on behalf of Morocco by several high-ranking officials, including: Mr. Abdelouafi Laftit, Minister of the Interior, Ms. Nadia Fettah, Minister of Economy and Finance, Mr. Nizar Baraka, Minister of Equipment and Water, Ms. Fatim Ezzarha El Mansouri, Minister of National Territory Planning, Urban Planning, Housing, and City Policy, Mr. Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment, and Skills, Mr. Ryad Mezzour, Minister of Industry and Trade, Mr. Azzedine El Midaoui, Minister of Higher Education and Scientific Research, Ms. Leila Benali, Minister of Energy Transition and Sustainable Development, Mr. Karim Zidane, Minister Delegate to the Head of Government, in charge of Investment, Convergence, and Evaluation of Public Policies, Mr. Fouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance, in charge of the Budget. The event was also attended by Mr. Ali Seddiki, Director General of the Moroccan Agency for Investment and Export Development.