China’s Shengtai Secures Key Approvals for MAD 2.29 Billion Green Textile Industrial Park in Morocco

Chinese textile group Shengtai has reached another important milestone in its planned investment in Morocco, securing two major regulatory approvals in China for its MAD 2.29 billion (approximately RMB 1.716 billion) green textile industrial park.

On August 15, 2026, the project obtained an Overseas Investment Certificate from the Department of Commerce of Hunan Province, as well as a registration notice from the provincial Development and Reform Commission.

The planned Moroccan industrial complex will focus on the production of high-end cotton yarn, premium fabrics and high-quality garments, creating an integrated textile manufacturing base serving international markets.

Shengtai had already approved the investment agreement with Morocco through a series of corporate decisions in March and April 2025.

Morocco as a Global Manufacturing Base

According to Shengtai, the Moroccan investment is designed to expand its global industrial footprint, strengthen its textile supply chain and improve its ability to serve overseas markets.

Morocco offers Chinese manufacturers a strategic combination of proximity to Europe, access to major international markets, competitive industrial infrastructure and strong logistics connectivity.

The project could also contribute to the development of a broader textile ecosystem in Morocco, creating opportunities for suppliers in spinning, weaving, garment manufacturing, textile machinery, packaging and logistics.

Further Approvals Still Required

The latest approvals represent significant progress, but construction has not yet officially started.

Shengtai has stated that several additional approval procedures remain to be completed and that the project will require a relatively long construction period. The final investment amount will also depend on actual expenditures.

The company plans to finance the project through a combination of its own funds, bank financing and other sources, with investment expected to be carried out in phases.

Once implemented, the MAD 2.29 billion Shengtai project would represent another significant Chinese industrial investment in Morocco and further strengthen the country's position as an emerging manufacturing platform connecting China, Europe and Africa.