China’s textile company Sunrise to invest $422.2 million in Morocco

Chinese textile giant Sunrise announced plans to invest MAD 4.1 billion ($ 422.2 million) in Morocco. The announcement came during a meeting on the sidelines of the Forum on China-Africa Cooperation Summit (FOCAC) between Lei Xu, president of Sunrise Group, and Morocco’s Head of Government Aziz Akhannouch. The project is set to create 11,000 direct jobs within three years across several provinces and regions in Morocco.