Valerius Morocco, a joint venture between Moroccan firm SG3H and Portuguese industrial group Valerius Group, has officially inaugurated its new garment manufacturing unit in Salé on Thursday, May 29. The ceremony was attended by Industry and Trade Minister Ryad Mezzour. With a total investment of 102.72 million dirhams, the project is expected to create 1,640 new direct and indirect jobs, reads a press release. The facility is part of the Fast-Fashion ecosystem and will focus on producing women's and children's clothing, integrating design and creativity into finished products. The investment agreement between Valerius Morocco and the Moroccan state was signed on July 27, 2021, under the FDII framework. Valerius Group, an international player in the textile sector, brings expertise in industrial manufacturing, design, R&D, and marketing. Minister Mezzour highlighted that the textile sector plays a strategic role in Morocco's economy, with 227,460 jobs and 45.9 billion dirhams in export revenues. He noted growing interest from foreign investors, especially Portuguese, who see Morocco as a strategic hub for co-production and strengthening nearshoring supply chains. «This new Valerius Morocco facility reflects the dynamic partnership between Moroccan and Portuguese textile industries», said Mezzour. «We aim to expand this collaboration into areas such as recycled fibers and eco-friendly dyeing processes to further reduce the sector's carbon footprint».
