Marrakech’s Iconic La Mamounia Hotel Privatized as City Council Trades Shares for Land

The House of Representatives had approved by a majority, during a plenary session, the draft law 91.18 amending and supplementing law 39.89 authorizing the transfer of public enterprises to the private sector.

According to Hespress, the text had the approval of 119 deputies against 65. This draft law on the transfer of public enterprises to the private sector has mainly allowed the listing on the list of privatizable companies of the Société d’exploitation de la Centrale thermique de Tahaddart and the hotel of La Mamounia, assets respectively in the energy and hotel sectors, continues the site.

The media explains that the commission for the transformation of the public sector into the private sector is composed of Zouhair Chorfi, Mohamed Sadiqi, Khalid Safir, Mounia Boucetta and Fouzia Zaâboul.

As for the one responsible for evaluating the privatization of public enterprises, Hespress reports that the presidency was entrusted to the Wali of Bank Al Maghrib, Abdellatif Jouahri, while the vice-presidency will be ensured by the president of the Economic, Social and Environmental Council (CESE), Ahmed Reda Chami.

The other members are Mohamed Amine Benhalima, Hassane Boubrik, Amina Benkhadra, Ghizlane Guedira and Diaâ Oudghiri.