Mohammed VI is the present King of Morocco. He ascended to his throne as King on July 23, 1999, after his father passed away, King Hassan II. His Majesty is descendent of the Alaouite offspring, which was originally from Yanboo Al Nakhil, an oasis of the Arabian coast on the Red Sea. Directly descending from the prophet of Islam, Sidna Mohammed, from his daughter Lalla Fatima Zohra, the Royal family came to settle in Sijilmasa, in the Moroccan South, in the middle of the 13th century. His Majesty King Mohammed VI is the 23rd king of the Alaouite Dynasty, the reign of which started in the midst of the 17th century. From the very moment he was born, Mohammed was made heir apparent and titled as the ‘Crown Prince’. Presently, Mohammed’s official title is ‘His Majesty the King Mohammed the Sixth, Commander of the Faithful, May God grant him Victory.
Studies and academic training
At 4, his father enrolled him at the Koranic School of the Royal Palace. His Primary and secondary education were at Royal College. Baccalaureate on June 1981. He took his higher education in Law at the University Mohammed V of Judicial, economic and social sciences in Rabat. His Defense of his B.A took place in the year 1985, with a Thesis entitled “The Arab-African Union and the Kingdom’s strategy in the international relations.” In the year 1987, he got the First Certificate of high studies in political sciences and a Second Certificate, in Public Law, in July 1988, both of them with commendable honor.
For him to complete his training, and to practice the principles and rules of law at the College, the Late King Hassan II decided to send him, in November 1988, to Brussels with Mr. Jacques Delors, President of the Commission of the European Economic Communities, for some months. At a young age, Crown Prince was always asked by his father to carry out different missions at different levels: national, Arab, Islamic, African and globally towards the head of states. His Highness took part in many international and regional conferences.
On October 29th, 1993, His Highness Crown Prince received, at the University of Nice-Antipolis in France, the title of a Doctor in Law with distinction. The thesis title was: “Cooperation between the European Economic Community and the Arab Maghreb Union”.
With an Honors Causa Doctorate from the University of George Washington on June 22nd, 2000. He is the Author of a book and many articles on the Euro-Maghreb cooperation. His fluency in his communication skills both in written and spoken languages are Arabic, French, Spanish, and English. His Majesty the King Mohammed VI practiced many sports when he was young even until now that he is the King of Morocco.
He was already exposed to heavy responsibilities at his young age, His Majesty King Mohammed VI was often charged by his father, with important missions to Heads of State friends and brothers, and had attended national, Arab, Islamic, African and global meetings.
King Mohammed VI of Morocco, Africa’s 50 Richest
At the age of 53, his Majesty King Mohammed VI was already named as Africa’s 50 richest men from his net worth in 2015 according to Forbes Magazine. In 2014, he was no. 16 on the list. The source of his wealth is diversified.
From his late father King Hassan, the King of Morocco inherited a 40% stake in Societe Nationale d’Investissement (SNI), a holding company that has stakes in several publicly traded companies, including the country’s largest bank, Attijariwafa; mining company Manage Group; sugar producer Consumer; and dairy firm Centrale Danone. The King’s net worth has increased significantly from $2.5 billion last year to $5.7 billion in 2015, Forbes magazine’s report revealed Forbes said this considerable growth of the Moroccan monarch’s fortune is due to new information about the value of SNI’s assets.
After his enthronement, he immediately addressed the nation via television. Among his advocacies include finding solutions to corruption and poverty, creating more jobs for the Moroccans, as well as improving the human rights record of his country. In 2009, the Forbes magazine valued the King’s net worth at $2.5 billion. In fact, the Moroccan royal family is believed to possess one of the world’s largest fortunes. Today, Mohammed VI is considered as the leading landowner and agricultural producers in his country.
King Mohammed VI is considered as a Banker, Entrepreneur and the Richest Monarch of Africa. He then planned to sell large chunks of Moroccan businesses to overseas investors; his majesty is actively encouraging foreign direct investment and gradually opening up the Moroccan economy to the brisk winds of globalization. Morocco has been able to attract growing foreign investment in the last ten years, and it is currently considered to be the second most important platform in Africa behind South Africa.
Ever since he ascended the throne in 1999, his Majesty Mohammed VI, King of Morocco, has one persistent ambition: to transform Casablanca, the Kingdom’s largest city, and economic center, into Africa’s leading financial hub.
For him to achieve this, in 2010 the King announced the creation of one of his most ambitious projects, the Casablanca Finance City (CFC), a regional financial center and a free entry point for Northern, Western, and Central Africa.
The Casablanca Finance City (CFC) is a custom-made village being developed for large national and international foreign institutions looking to operate in the region and gain access to French-speaking African markets. The city will cater primarily to institutions in 3 key areas: financial services, professional services and regional and international headquarters activities, offering eligible companies operating in these sectors a marketplace to undertake their activities on a regional and international level.