Your account has been succesfully created.
EN FR
Scroll through edition

Morocco
Mohammed VI's cherished contractor CMS bags Marjane malls

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. [...]
CMS also clinched a contract in Casablanca to renovate Marjane California.
CMS also clinched a contract in Casablanca to renovate Marjane California. © G3A
Construction Management Services, run by the king's former steward Zouhair Fassi-Fehri, is to build two giant shopping centres for the Marjane hypermarket chain, a subsidiary of the Al Mada royal holding company. [...]
Reading time 2 minutes
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. [...]

Related topics to this article

Read also

Related topics to this article

  1.  Home  
  2.  North Africa 
  3.  Mohammed VI's cherished contractor CMS bags Marjane malls 
Business

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!