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Morocco World
4 hours ago
- Business
- Morocco World
Textile: Valerius Morocco's New $10.27 Million Plant to Create 1,640 Jobs
Doha – Valerius Morocco inaugurated its new clothing manufacturing facility in Salé on Thursday. The ceremony took place in the presence of Morocco's Minister of Industry and Commerce, Ryad Mezzour. The project represents a total investment of MAD 102.72 million ($10.27 million). It will generate 1,640 new direct and indirect jobs in the region. The establishment of this manufacturing unit stems from an investment agreement signed between Valerius Morocco and the Moroccan government on July 27, 2021. This agreement was formalized under the Industrial Development and Investment Fund (FDII). In Lisbon in 2023, Morocco and the Portuguese textile group Valerius Texteis signed a MAD 1 billion ($100 million) agreement for a textile recycling project expected to create 1,500 jobs. Speaking at the inauguration, Minister Mezzour talked about the strategic importance of the textile sector to the national economy. 'With 227,460 jobs and MAD 45.9 billion ($4.59 billion) in export turnover, the textile sector occupies a strategic place in the national economy,' he stated. The minister noted growing interest from foreign investors, particularly Portuguese companies looking toward Morocco. 'Our country represents a strategic choice for Portuguese textile manufacturers seeking co-production opportunities to strengthen their proximity supply chains,' Mezzour added. Hammani Amahzoune, General Manager of Valerius Morocco, emphasized the benefits of the partnership. 'This partnership allows us today to produce for major brands and companies, whether based in the United States or Europe,' he said. Integrating design and creativity to boost Moroccan textile's global standing According to Amahzoune, quality is a major asset for the company. He revealed that Valerius Morocco has invested in equipment of European and American origin to excel in quality and attract more orders. He also stressed the importance of continuous training of human resources, which has generated interest from major international textile brands. Valerius Morocco is a joint venture between Moroccan company SG3H and the Portuguese international industrial group Valerius Group. The partnership combines expertise in industrial manufacturing, design, creativity, R&D, and marketing within the textile sector. The project falls within the Fast-Fashion ecosystem. Through this initiative, Valerius Morocco aims to strengthen its position as a manufacturer of women's and children's clothing, focusing on finished products that integrate design and creativity. Minister Mezzour expressed hope that this collaboration signals a fruitful partnership between Moroccan and Portuguese textile industries. He anticipates that the relationship will extend to other initiatives, such as the use of recycled fibers and ecological dyeing processes to reduce carbon footprint. Read also: Galician Textile Industry Turns to Morocco Amid Portuguese Industry's Crisis Tags: textile in Moroccotextile industry
Daily Tribune
21-05-2025
- Business
- Daily Tribune
Industry Minister participates in Make it the Emirates Forum 2025
Abdulla bin Adel Fakhro, Minister of Industry and Commerce, participated as a keynote speaker in the fourth edition of the 'Make in the Emirates 2025' forum , organized by the Ministry of Industry and Advanced Technology of the United Arab Emirates, from 19 to 22 May, at the Abu Dhabi National Exhibition Centre (ADNEC). During his participation in the dialogue session held under the title 'Integrated Industrial Partnership for Sustainable Economic Development', the Minister elaborated on a set of paths Bahrain took to support smart manufacturing and enhance local content. Fakhro, met Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry, where they discussed a number of issues of common interest.
Daily Tribune
21-05-2025
- Business
- Daily Tribune
World Metrology Day exhibition
His Excellency Abdulla bin Adel Fakhro, Minister of Industry and Commerce, attended an exhibition organised by the Ministry's Testing and Metrology Directorate at Bahrain Financial Harbour to mark World Metrology Day, observed annually on May 20. The Minister highlighted the achievements of the National Measurement Laboratory, particularly its accreditation under the international ISO 17025 standard. He noted the advancement of the mass laboratory, which provides precise calibration services for weights up to 50 tonnes, the volume laboratory, which ensures accuracy in volume and flow measurements using advanced instruments, and the internationally and regionally accredited temperature laboratory.
Morocco World
12-05-2025
- Business
- Morocco World
Morocco Makes Progress in Integrating Street Vendors into Formal Economy
Rabat — Morocco's Minister of Industry and Commerce Ryad Mezzour recently said that over 86,000 street vendors have joined the country's formal economy, a significant progress in the implementation of the national program aimed at regulating informal commerce. Speaking at the House of Representatives, Mezzour revealed that these vendors make up approximately 70% of the 124,000 identified nationwide. The commerce sector ranks as Morocco's second-largest employer, engaging 1.6 million people — 15.6% of the active population — and generating MAD 151 billion ($15 billion) in annual value. While operating outside formal channels, street vending plays a vital role in Moroccan society. This sector meets local needs and provides livelihoods, especially in working-class neighborhoods. Despite its economic importance, economists assert that the growth of informal commerce continues to hamper both structured businesses and consumer service quality. The government plan operates under Morocco's National Human Development Initiative (INDH) with local authority oversight. The government's focus in this sector is on regulation, rather than eliminating this important and longstanding commercial practice. Read also: Minister: With 1 Million Workers, Industrial Sector is Essential to Morocco However, assessments by the Ministry of Interior and the Economic, Social and Environmental Council (CESE) have identified several obstacles to fully, successfully implement the program. Part of the government's plan is to move these vendors into more formal commercial centers, but they face a lack of places to relocate them. Additionally, not all vendors are willing and open to make this change, and in terms of formal bookkeeping, there are significant discrepancies between initial vendor counts and those working in specific areas. In response to this situation, Mezzour has urged municipalities and authorities to develop more nuanced approaches to organizing street commerce, including conducting detailed analyses of supply chains, points of conflict, and local characteristics to create more effective and sustainable solutions. The government is simultaneously promoting vendors to take on the self-employment (auto-entrepreneur) status to encourage informal workers to join the structured economy. This status offers simplified tax advantages and access to social protection, marking important progress in coverage and recognition for small-scale entrepreneurs. While the gradual integration of street vendors into the formal sector shows progress, it also reveals the limitations of centralized approaches to diverse local realities. The key now lies in coordination between local authorities, the state, and economic stakeholders to develop flexible, fair, and sustainable regulation that addresses both social and economic challenges in neighborhood commerce.
Daily Tribune
07-05-2025
- Business
- Daily Tribune
Strategic delegation meets Malaysian PM, key ministers
TDT| Manama A high-powered Bahraini delegation, co-led by His Excellency Abdulla bin Adel Fakhro, Minister of Industry and Commerce, and Her Excellency Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of the Bahrain Economic Development Board (EDB), has embarked on a strategic two-day visit to Malaysia aimed at bolstering bilateral economic ties and attracting investment. Supported by His Excellency Dr. Waleed Khalifa Al Manea, Bahrain's Ambassador to Malaysia, the visit underscores the island nation's ambition to position itself as a premier destination for international businesses seeking regional expansion. Key Engagements The delegation is holding meetings with Malaysian Prime Minister Anwar Ibrahim, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, and Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick. They are also engaging with officials from the Malaysian Investment Development Authority (MIDA). A business networking dinner hosted by the Kuala Lumpur Business Club (KLBC) is part of the itinerary, aimed at showcasing Bahrain's investment potential across priority sectors including manufacturing, logistics, ICT, tourism, and financial services. Expanding Relations Bahrain and Malaysia recently celebrated 50 years of diplomatic relations. This visit follows a series of high-level exchanges and agreements aimed at enhancing economic, cultural and scientific cooperation between the two nations. The mission is part of 'Team Bahrain' strategy to diversify economic partnerships and generate sustainable job creation by attracting foreign direct investment.
