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Morocco, China to explore strategic partnerships in textiles

 

Amid rising investment interests in the sector, Morocco and China have reaffirmed their commitment to explore strategic partnerships in the textile sector of both the countries.

 In a meeting with a delegation from the China National Textile and Apparel Council, Mochine Jazouli, Minister Delegate for Investment, Morocco discussed opportunities for a collaboration between the two countries. Bringing together 20 business leaders, the meeting focused on enhancing cooperation in the textile sector and showcased the industrial potential of both nations.

Moroccan representatives presented an overview of the country’s industrial capabilities, highlighting its strategic position as a member of the African Continental Free Trade Area (AfCFTA). This position makes Morocco an attractive destination for global investors looking to access African markets.

Chinese companies are already active in Morocco's textile sector, with several companies investing MAD 300 million ($30 million) and creating employment opportunities in the sector. By 2025, these companies aim to employ nearly 2,000 people.

In early September, Lei Xu, President, Sunrise International, a Chinese textile giant announced a $422.2 million investment in Morocco during a meeting with Aziz Akhannouch, Head of Government.  The investment is expected to create 11,000 direct jobs over the next three years across various Moroccan provinces and regions, Lie Xu said.  

The Moroccan Government has long emphasised the importance of the textile industry as a key pillar of its investment strategy. In 2022, Abdellatif Jouahri, Governor, Central Bank, Morocco, highlighted, the textile sector accounted for 32.3 per cent of the country’s production enterprise, up from an average of 25.6 per cent between 2000 and 2018.

With growing Chinese investments and strategic collaborations, the textile sector is poised to play an even more crucial role in Morocco’s economic growth and development.

 

 
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