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11/19/2009 MAGHREB CONFIDENTIAL N°902

MOROCCO

Ely-Michel Ruimy, Albert's Financier

Monaco and Morocco are going to forge a strong tie in luxury property. The Societe des Bains de Mers (SBM), which is majority owned by the Monaco government and manages some of the most prestigious hotels and casinos in the principality, is moving into the tourism and property sector in Marrakech with the Jawhar Hotel Spa & Residences complex. (...)   [208 words]  [4€]
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