Chinese-owned garment manufacturer Omega Textile Maroc has invested MAD80m (US$8.47m) in a sock, hosiery and lingerie facility in Morocco.
The high-tech industrial unit is in Casablanca and will produce garments for domestic and international export.
The facility will generate 200 direct jobs and 450 other indirect ones in the long term. It has an estimated turnover of MAD75m.
The deal was signed on 16 July between the minister of industry, trade and green and digital economy, Moulay Hafid Elalamy, and Song Linghui, managing director of Omega Textile Maroc.
Elalamy underlined the importance of the new investment attesting to the confidence that international investors have in Morocco as a production and export platform and in the capacity of the national textile industry to grow its position post-Covid19.
He added the project will help boost the Moroccan knitwear industry and develop the added value of derived products around the two knit ecosystems and the distribution of brands nationally and internationally, particularly in Africa.
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By GlobalDataOmega Textile Maroc is a Moroccan company with 100% Chinese capital, specialising in the manufacture of socks and lingerie items, including tights, stockings, knee-highs, T-shirts, undershirts. The company is located in the industrial area of Settat and currently employs 170 people.
