running story
Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage
The king's private secretary and Al Mada boss Mounir el-Majidi. © FDaburon/CC by-SA 4.0/Wikimedia Commons

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.

The king's private secretary and Al Mada boss Mounir el-Majidi. © FDaburon/CC by-SA 4.0/Wikimedia Commons

Stay updated on this topic

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!