Saturday , January 16 2021

The legendary palace "La Mamounia" is on sale

The legendary palace "La Mamounia" enrolled Thursday on an official list of public companies privatized as of 2019. This is indicated by the French site "Libération". Since 1922, Mamounia hosts stars from all over the world in the heart of Marrakech. Mostly property (62%) of the National Railway Office (ONCF), the mythical palace has been cataloged since Thursday on an official list of public companies that can be privatized as of 2019, confirming the rumor that has been happening for the moment time, indicates the French site. And adding that this operation, destined to rescue the coffers of the Kingdom, the operation, should bring Morocco 10,000 million dirhams. However, the text still has to be approved in Parliament.

The Mamounia hosted many celebrities since its inauguration: Winston Churchill (who dedicated himself to painting), Ronald Reagan, Jacques Chirac, Orson Welles, Nelson Mandela, Hillary Clinton, Elton John … The famous palace, which has about 200 rooms and suites, also used for filming, like "The man who knew too much", by Alfred Hitchcock. La Mamounia closed in 2006 for great renovations and its furniture, Art Deco, Spanish-Moor or French classic, were sold at auction. The luxury hotel reopened three years later.

Like Mamounia, the Tahaddart thermal plant is on the list of privatizable companies. With a power of 384 MW, this plant located near Tangier (North) is managed by a company owned by 48% of the public group ONEE, 32% of Endesa Generación española and 20% by the German company Siemens Project Ventures, said the french site And to conclude that since the launch of the first privatization program in 1993, 77 companies were sold wholly or partly to the private sector for a total amount of more than 103 billion dirhams.

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