A memorandum of understanding between Morocco and the Portuguese group specializing in textiles, Valerius Têxteis, was signed Friday in Lisbon, worth one billion dirhams.
Initialed on the sidelines of the Portugal-Morocco Economic Forum by the Minister Delegate in charge of Investment, Convergence and Evaluation of Public Policies Mohcine Jazouli, the President of the group Valerius José Manuel Ferreira, the Director General of the Moroccan Agency for Development of Investment and Exports (AMDIE) Ali Seddiki, and Hammani Amahzoune of the company SG3H, a Moroccan partner in the textile sector, this agreement aims to strengthen and sustainable development of the Moroccan textile sector.
Already present in Morocco, Valérius Têxteis is launching a new project in textile recycling, allowing the creation of 1,500 direct jobs.
Initiated by the General Confederation of Moroccan Enterprises (CGEM), the Confederação Empresarial de Portugal (CIP), the Agência para o Investimento e Comércio Externo de Portugal (AICEP) and the Moroccan Agency for the Development of Investment and Exports (AMDIE), The Portugal-Morocco Economic Forum, held on the sidelines of the 14th Morocco-Portugal High Level Meeting, provides a basis for strengthening business and investment opportunities in several areas and consolidating the partnership between both countries’ businessmen.
This Economic Forum is an opportunity to exchange on the levers to activate to further strengthen economic cooperation and trade between the two countries. It also aims to identify new opportunities for cooperation and build innovative and sustainable partnerships between Moroccan and Portuguese companies in key sectors such as industry, renewable energy and digital.
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