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In Focus | Morocco
El Majidi Inc. or how the king's private secretary and his clan are prospering on the coat-tails of royal group Al Mada

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“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]
Mounir El Majidi, the king's private secretary and business manager, is building a business empire of his own through contracts with royal holding company Al Mada. His brother Mahdi El Majidi and his former aide Zouhair Fassi-Fehri are following his example. [...]
Reading time 6 minutes
Mounir el-Majidi
Mounir el-Majidi © FDaburon/Wikimedia Commons
Business
Read this article in our running story
“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]

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