CMKD becomes Al Aijal

The ex Consortium Maroco-Koweïtien du Dévemoppement, aka CMKD, is to be replaced by Al Ajial holding. Majority owned by the “Kuwait Investment Authority” (KIA), aiming to reinforce its presence in Morocco where it aims to become one of the most active and important. Al Ajial already owns a 20% stake in the Wessal Capital investment fund specialist in in large infrastructure development and owner of the Mansour Eddahbi Congress Hall in Marrakech. source in French, more in French.