Memorandum Signed for Integrated Textile Production Hub in Morocco with Sunrise Group
Rabat, April 30, 2024
Minister Mohcine Jazouli took part in the signing of a memorandum of understanding with the Sunrise Group for the establishment of a fully integrated industrial park in Morocco aimed at creating 10 000 direct jobs, extending from cotton spinning to garment manufacturing.
The signing of this MoU signifies the mutual commitment of both Sunrise and the Moroccan government to realize this strategic project, as it encompasses both the upstream and downstream segments of the sector's value chain.
As one of the global leaders in the textile sector, with nearly 30 000 employees worldwide, the Sunrise Group is at the forefront of 4.0 production systems and environmentally sustainable practices.
“The decision of Sunrise Group to undertake this significant investment underscores Morocco’s dedication, under the leadership of His Majesty the King, to fostering private investment in key sectors such as textiles and clothing.” Stated Minister Jazouli