Chinese industrial group Shengtai has secured two major administrative approvals in China for its planned green textile industrial park in Morocco, according to an announcement released on Saturday, August 15, 2026. The project, valued at 2.29 billion Moroccan dirhams (approximately $280 million), marks a significant step forward for the company's expansion into North Africa.
The approvals, granted by Chinese authorities, are part of the regulatory process required for the company to proceed with the investment. The park, to be located in Morocco, is designed to focus on eco-friendly textile manufacturing, aligning with global sustainability trends and Morocco's growing industrial sector.
Morocco has been actively courting foreign investment, particularly in green industries, as part of its economic diversification strategy. The Shengtai project is expected to create jobs and boost local manufacturing capabilities, though specific employment figures have not been disclosed.
As of August 16, 2026, no further details have been released regarding the timeline for construction or the exact location of the park. The company's announcement did not specify which Chinese agencies issued the approvals.
