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Morocco
King's favourite construction company CMS sets sights on Inwi data centres and Attijari's HQ

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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. [...]

Bought in 2016 by the former "king's steward" Zouhair Fassi Fehri, Construction Management Services is creating a branch dedicated to telecom infrastructures and has already approached Inwi, the operator owned by the royal holding company Al Mada. [...]

Published on 19.07.2022 at 05:00 GMT Reading time 3 minutes

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Infrastructure

Set up email notifications for these topics

Al Mada
Alliances
ANRT
Attijariwafa Bank
Banque centrale populaire
CIMR
Construction Management Service
Covid-19
Inwi
Mamounia
Marjane
Maroc Telecom
Medasys
Mohammed VI
Nareva
Orange
Particimmo
Primarios
Societe Fiduciaire du Maroc
Sogea-Satom
Vinci
Zouhair Fassi Fehri

Morocco
Why Moroccan phone operators are not rushing to launch 5G

Promised for 2022, 5G is not yet offered by any of the country's three major telephone operators, Maroc Télécom, Orange and Inwi. We look at the reasons behind this.

Subscriber Business 07.06.2023

Morocco
After AGMA, Rachida Benabdallah moves to Paris to join Attijariwafa Bank and her ambassador husband

Ex-Agma boss Rachida Benabdellah has joined the board of Attijariwafa Bank Europe in Paris, which allows her to join her Moroccan ambassador husband Mohamed Benchaâboun in the French capital.

Subscriber Finance 08.09.2022

Morocco
Abdelkader Boukhriss expected to replace king's favourite trustee Moulaye Abdallah Lalami at SFM

Moulaye Abdallah Lalami died last month. He was head of Société Fiduciaire du Maroc (SFM) and keeper of the royal holding Al Mada and the royal family's financial secrets. Abdelkader Boukhriss is slated to replace him.

Subscriber Business 05.09.2022

Abelkader Boukhriss is expected to take over the leadership of the Société Fiduciaire du Maroc (SFM).

Morocco
Jean-Baptiste Barian appointed boss of royal residence firm Primarios

Barian, a specialist in Arab-Andalusian architecture who has worked for the Moroccan monarchy for half a century, has been appointed to run Primarios, the company tasked with furnishing and maintaining the country's royal palaces and residences.

Subscriber Business 21.07.2022

In Focus | Africa
Will giants Microsoft, Amazon and Huawei outpace African operators in race to dominate the Cloud?

Though there are still very few data centres on the African continent, in no small part due to a lack of reliable power, a few independent groups have managed to break into the sector. But they are now facing a serious challenge with the arrival of the world's internet giants, which are targeting South Africa to place their infrastructure.

Subscriber Business 15.11.2021

Vantage Data Centers' three-data center campus project in South Africa (Waterfall City).

In Focus | Morocco
Moulaye Abdellah Lalami, the accountant who handles the royal court's private business

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.

Subscriber Business 12.10.2020

Moulaye Abdellah Lalami is Société Fiduciaire du Maroc's chairman.

In Focus | Morocco
El Majidi Inc. or how the king's private secretary and his clan are prospering on the coat-tails of royal group Al Mada

Mounir El Majidi, the king's private secretary and business manager, is building a business empire of his own through contracts with royal holding company Al Mada. His brother Mahdi El Majidi and his former aide Zouhair Fassi-Fehri are following his example.

Subscriber Business 14.09.2020

Set up email notifications for these topics

Al Mada
Alliances
ANRT
Attijariwafa Bank
Banque centrale populaire
CIMR
Construction Management Service
Covid-19
Inwi
Mamounia
Marjane
Maroc Telecom
Medasys
Mohammed VI
Nareva
Orange
Particimmo
Primarios
Societe Fiduciaire du Maroc
Sogea-Satom
Vinci
Zouhair Fassi Fehri

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King's favourite construction company CMS sets sights on Inwi data centres and Attijari's HQ