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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)

Issue dated 09/07/2020 Reading time 3 minutes

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Business

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MOROCCO
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2Portzamparc
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Association pour le développement humain Hassanate
Aziz Benzzoubeir
Cogedim
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Princess Lalla Hasna, sister of King Mohammed VI of Morocco © JUSTIN LANE/EPA

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2M
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Crédit du Maroc
Dounia Benyaich
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Moulay Hafid Elalamy
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Mohammed VI's sisters put their money into Casablanca's future Hilton hotel