Chinese-owned garment manufacturer “Omega Textile Maroc” opened in Casablanca a new facility, the third of its kind in the North African Kingdom, which is attracting more and more investors and businesses.
The company, which makes socks and lingerie items, has invested over $7.1 million in the new unit to create 627 new jobs, including 240 direct jobs.The facility is expected to generate $4.1 million turnover by 2024. Over 60 pc of its manufactured products will be exported to European and U.S. markets.
This factory includes the entire value chain, from fabric to finished product and uses very advanced Chinese technology. It aims to develop other products of lingerie and underwear for the local market and promote exports.
Moroccan Industry minister Ryad Mezzour said this new investment will give new momentum to local textile industry and strengthen the competitiveness of the Chinese company which is relocating its activities in the Kingdom thanks to incentives granted to investors, geo-strategic position, stability and proximity to major markets.
“Omega Textile Maroc” has two factories already operating in Settat, making running shoes and slippers. Association, at its Annual