Shengtai Gets Green Light For US$ 280M Morocco Textile Park
Chinese industrial group Shengtai has secured two key administrative approvals in China for its planned US$ 280 million green textile industrial park in Morocco, marking a major step in the company’s expansion into North Africa.
The project, valued at 2.29 billion Moroccan dirhams (approximately US$ 280 million), is planned as an eco-friendly textile manufacturing hub and is expected to strengthen Morocco’s position as an emerging destination for sustainable industrial investment.
The approvals form part of the regulatory process required in China before Shengtai can proceed with the overseas investment. The company said the planned park will focus on green textile manufacturing, aligning with growing global demand for more sustainable production and Morocco’s efforts to attract investment in environmentally focused industries.
The project is also expected to contribute to local manufacturing and employment, although Shengtai has not yet disclosed projected job creation figures.
Morocco has been seeking to attract foreign investment into green industries as part of its broader economic diversification and industrial development strategy. The proposed textile park could further strengthen the country’s textile manufacturing capabilities and its links with international markets.
Shengtai has not yet disclosed the exact location or construction timeline for the project. The company’s announcement also did not identify the Chinese agencies that issued the two administrative approvals.
