Moroccos Richest Businessman Wants to Build Africas Tallest Tower in Rabat

Rabat – Morocco’s richest businessman, Othman Benjelloune, is said to be planning to build the highest tower in Africa in the heart of Rabat.French-speaking magazine Economie & Entreprises reported on Thursday that Othman Benjelloune, who was recently ranked by Forbes as the richest man in Morocco for the third year in row, is planning to invest more than MAD 1 billion ($100 million USD) in the construction of a 200-meter tower in Rabat.The tower, which is expected to be the largest in Africa, will be built in a very strategic place in Rabat near the the Bou Regreg River, which runs into the Atlantic Ocean between the cities of Rabat and Salé. The building will comprise of 46 stories and house smart offices equipped with the latest technologies. The tower will also include upscale residential complexes and restaurants.Earlier this week, Forbes magazine ranked Othman Benjelloune the richest man in Morocco in its annual billionaires list, with a net worth of $1.9 billion.Othman Benjelloun made his fortune in the insurance sector and banking with “Les Assurances Al Watania” and BMCE. With his company, Finance.Com, he expands his activity in the telecommunications, air transport, and information technology industries. read more