Morocco
China’s Sunrise Group to invest $422 million in Morocco’s textile sector
Morocco has signed a $422 million investment deal with Chinese textile giant Sunrise Group to boost the kingdom’s garment
1 min read
The European Bank for Reconstruction and Development (EBRD) projects an acceleration in the average growth of the gross domestic product (GDP) to 3.4% in 2024 for its southern and eastern Mediterranean (SEMED) region, the bank's latest Regional Economic Prospects report, released today, reveals.
The report highlights Morocco's economy as particularly resilient, forecasting a 3% growth rate in 2024 and anticipating a further rise to 3.6% in 2025.
Despite increased spending on post-earthquake relief and reconstruction, Morocco continues to push forward with fiscal consolidation efforts to curb government debt, the report notes.
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China’s Sunrise Group to invest $422 million in Morocco’s textile sector
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Tunisia
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