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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. [...] (640 words)

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Business

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MOROCCO
2M
2Portzamparc
Arnaud de Ménibus
Association pour le développement humain Hassanate
Aziz Benzzoubeir
Cogedim
Crédit agricole
Crédit du Maroc
Dounia Benyaich
Fayçal Sentissi
Hilton
Karim Beqqali
Lalla Asmae
Lalla Hasna
Lalla Meryem
Mannesmann
MAP
Metropolitan Casablanca
Moulay Hafid Elalamy
Nema Capital
Noya Real Estate
ONCF
Rachid Andaloussi
Saham
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Yam Invest
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Yamed Capital
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Yamed Investors 03
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Princess Lalla Hasna, sister of King Mohammed VI of Morocco © JUSTIN LANE/EPA

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Moroccan Minister of Industry Moulay Hafid Elalamy. © Chadi/Xinhua News Agency/Newscom/MaxPPP

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Morocco's Prince Moulay Rachid. © Thierry Monasse/Pool via REUTERS

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Marrakesh's legendary luxury hotel La Mamounia. © La Mamounia

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The royal palace has just carried out a discreet public relations operation in an effort to put an end to rumours about the state of health of… the king's political adviser Fouad Ali El Himma which have been doing the [. [...]

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MOROCCO
2M
2Portzamparc
Arnaud de Ménibus
Association pour le développement humain Hassanate
Aziz Benzzoubeir
Cogedim
Crédit agricole
Crédit du Maroc
Dounia Benyaich
Fayçal Sentissi
Hilton
Karim Beqqali
Lalla Asmae
Lalla Hasna
Lalla Meryem
Mannesmann
MAP
Metropolitan Casablanca
Moulay Hafid Elalamy
Nema Capital
Noya Real Estate
ONCF
Rachid Andaloussi
Saham
Société générale Maroc
Star Finances
Wendel
Yam Invest
Yamed Advisory
Yamed Capital
Yamed Foncière Les Arènes
Yamed Investors 03
Yano Participations

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