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Spotlight | Morocco
Lake Oum Azza, holiday retreat par excellence for royal families

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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. [...]
King Mohammed VI and his son, Crown Prince Moulay Hassan (right), in Nouaceur, Morocco on 13 October 2025.
King Mohammed VI and his son, Crown Prince Moulay Hassan (right), in Nouaceur, Morocco on 13 October 2025. © Maghreb Arabe Press/AFP
While Crown Prince Moulay Hassan has been spending his leisure time by the lake, near Rabat, with his mother and sister for several years, a new colossal royal residence is set to be completed in the coming months. [...]
Reading time 4 minutes Tashfin Essaguiar
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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