
Chinese Textile Giant Sunrise to Invest $422 Million in Morocco, Creating 11,000 Jobs
The Chinese group Sunrise, one of the world leaders in textiles, has announced an investment of $422.2 million (4.1 billion dirhams) in Morocco.

The Chinese group Sunrise, one of the world leaders in textiles, has announced an investment of $422.2 million (4.1 billion dirhams) in Morocco.

The first lot of civil engineering works for the Kenitra-Marrakech High Speed Line (LGV) megaproject was awarded to the Chinese public operator China Railway NO.4 Engineering (CREC 4) by the National Railway Office (ONCF), while the Egis-Systra-Novec consortium led by the French Egis Rail won the strategic contract for project management assistance for the ONCF for the extension of the High Speed Line to Marrakech.

Many Chinese companies intend to invest nearly 10 billion euros in the manufacture of electric batteries and their components in Morocco. A choice that can be explained by several factors.

Things are accelerating for the High-Speed Line (LGV) project between Kénitra and Marrakech. A Chinese public operator has been awarded the first lot of civil engineering works.

Chinese companies are rushing to invest in the automotive industry, particularly in batteries for electric vehicles, in Morocco. Over the past few months, about a dozen Chinese manufacturers have announced the development of mega-projects in Tanger Tech.

The Ministry of Industry and Trade has announced the imminent opening of an anti-dumping investigation into imports of LED lighting fixtures from China.

Morocco has become the world’s largest importer of Chinese tea, with purchases reaching $123.5 million between January and July 2024. This is what the General Administration of Chinese Customs revealed, specifying that China exported its tea to 123 countries during this period.

The national airline Royal Air Maroc (RAM) has decided to resume the direct Casablanca-Beijing line, launched in January 2020 and suspended due to the Covid-19 pandemic.

After developing its automotive sector, Morocco is now investing in the manufacture of electric vehicle batteries. Several Chinese giants have announced massive investments in this sector.

Over the years, Morocco has become the largest importer of Chinese green tea. This is evidenced by the latest statistics from the Chinese Ministry of Commerce.

China is multiplying its investments in Morocco to circumvent the United States, which has adopted new subsidies aimed at stimulating domestic production of electric vehicles and reducing Beijing’s dominance over the supply chain.

China is building a strategic supply chain for batteries in Morocco, in order to help Europe, which is struggling to develop its own industry.