Shengtai Group to invest $242M in two textile plants in Morocco

China-based Shengtai Group plans to invest up to $242 million in two new textile manufacturing plants in Skhirat and Fez, Morocco, creating about 8,500 jobs. The investment will be implemented in two phases over five years.

“China-based Shengtai Group is set to invest up to 2.29 billion Moroccan dirhams ($242 million) in two new textile manufacturing plants in Morocco.”texmart.info

• 1 source
• texmart.infoTextile Industry Trends: Innovations, Insights, & Market GrowthTexMart NLSep 9, 2026

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