00 days
00 hours
00 mins
00 secs
Special offer: -15%15% OFF your subscription
Consult our offers
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. [...]

15% OFF your subscription

Special offer: Only 1d and 6h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 19/12/2025

Related topics to this article

Read also

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

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.

LogoSubscribers only Business 14.09.2020
Mounir el-Majidi

In Focus | Morocco
Mohammed VI to recapitalise his Al Mada holding company with funds from farmers' mutual insurance group

Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past.

LogoSubscribers only Business 01.06.2020
King Mohammed VI of Morocco.

15% OFF your subscription

Special offer: Only 1d and 6h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 19/12/2025

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!