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Morocco
Mohammed VI's sisters put their money into Casablanca's future Hilton hotel

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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. [...]

Casablanca's future Hilton hotel. © Hilton

The hotel building, which will be situated in Casablanca's most exclusive district, will be partly owned by Princess Lalla Asmae and Princess Lalla Hasna. [...]

Published on 09.07.2020 at 05:00 GMT Reading time 3 minutes

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Business

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2M
2Portzamparc
Arnaud de Ménibus
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Cogedim
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Moma Group forges ties with Morocco's royal family

As it spreads its wings abroad, French hotel and restaurant player Moma Group, known for fashionista hotspots Lapérouse and Le Boeuf sur le Toit, is negotiating for a place in a Moroccan hotel complex. The project counts the family of late French property magnate Arnaud de Ménibus and two of King Mohammed VI's sisters among its shareholders.

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Association pour le développement humain Hassanate
Aziz Benzzoubeir
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Dounia Benyaich
Fayçal Sentissi
Hilton
Karim Beqqali
Lalla Asmae
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Mohammed VI's sisters put their money into Casablanca's future Hilton hotel