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La Mamounia: The council of the city of Marrakech gives up its shares

The Council of the city of Marrakech has sold its shares to the prestigious hotel “La Mamounia”, and this in exchange for 115 hectares of state property, we learn from media sources.

This decision of the Ocher City Council was endorsed during the second session of the current October.

The shares thus sold amounted to 28% of the total shares shared, respectively, between the “Caisse de dépôt et de gestion” (CDG) and the National Office of Railways (ONCF), the media said.

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