Two days after hotel group Accor announced it was inaugurating its Fairmount Taghazout Bay hotel on 9 July, the hotel's owner, agriculture minister Aziz Akhannouch set about reorganising his hotel and property plans in southern Morocco.
The case pitting the Compagnie des Grands Hôtels d'Afrique against US hotel giant Starwood has gone to the UK courts, with Maquay Investments, linked to Starwood, and its director Sarah Purdy at the centre of these new proceedings.
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.
Moulaye Abdellah Lalami, who was a simple legal adviser at Société Fiduciaire du Maroc during the reign of Hassan II, has under Mohammed VI become the trusted trustee of the king's entourage, discreetly handling the most sensitive affairs.
The king's private secretary, who owns GSM Al-Maghrib, Maroc Télécom mobile services exclusive distributor, is gunning for the business services market. He has also taken control of Sahatel, a dealer for the royal operator Inwi.
The manager of the royal holding company Siger, Hassan Mansouri, is to go into the building business with his firm Techbuilding.
The Moroccan-Kuwaiti Al Ajial Holding turns the page on its investment activity. It closed its CMKD Croissance fund on 10 June.
Controlled by Mohammed VI's former 'steward' Zouhair Fassi Fehri, Construction Management Services keeps bagging plum contracts, from renovating the opulent La Mamounia hotel in Marrakesh, to building Nareva's wind farm in Boujdour.
Mohammed VI wants to build a new Royal Mansour hotel in the capital to add to those in Marrakesh and [...]
Ten years after it was adopted, the 13-09 law on "renewable" private sector electricity production is to be radically revised. The reform, which was been drawn up with the help of law firm DLA Piper, could open up a breach [.
French energy giant Engie and Nareva, energy subsidiary of Mohammed VI's personal holding company Al Mada, did not have too [...]
French utilities giant Veolia has teamed up with tiny French company Voltalia to bid for the contract for the huge [...]
The ferryboat Marrakech seems destined for higher things after the vessel, the flagship of Comanav-Comarit, was seized and sold on [...]