Mohamed Benchaaboun to Chair King Mohammed VI’s Investment Fund

Rabat – King Mohammed VI on Tuesday appointed Mohammed Benchaaboun as the new head of the King Mohammed VI Investment Fund.

Born on November 12, 1961, in Casablanca, Benchaaboun has since occupied various political and state positions prior to his most recent appointment.

Benchaaboun first came to the spotlight in 1996 when he was appointed director of the Customs and Indirect Tax Administration, in charge of overseeing major reforms at the ministry of economy and finance.

Three years later, he joined one of Morocco’s largest banking groups, Banque Central Populaire, as deputy general manager.

In September 2003, King Mohammed VI announced his decision to appoint Benchaaboun as the new general director of the National Telecommunications Regulatory Agency (ANRT), Morocco’s telecommunication watchdog.

In February 2008, Benchaaboun returned to BCP as CEO of the group under a new royal appointment.

In recognition of his services to the state of Morocco, Benchaaboun in 2010 received Wissam Al-Arch – the Order of the Throne – from King Mohammed VI. The state decoration is awarded for distinguished services of a civil or military nature.

Eight years later, Benchaaboun served as the country’s minister of economy, finance, and administrative reforms.

In the course of his career, Benchaaboun also held a diplomatic role, serving as Morocco’s ambassador to France in 2021.

As a graduate of the Ecole Nationale Superieure of Telecommunications in Paris, Benchaaboun began his professional career at Alcatel-Alsthom, a telecommunication equipment company. During his time at the company, his roles included the positions of director of strategy and development, control manager, and industrial director.

Meanwhile, he has also been a director of public and private companies operating in Morocco and abroad, mainly in the financial sector, and chaired the supervisory board of Maroc Telecom.

Mohammed VI Investment Fund

The fund debuted in 2020 under royal instructions to support the country’s post-pandemic economic recovery.

In the same year, the government allocated MAD 15 billion ($1.5 billion) to finance the fund’s operations. The fund falls under the mandate of the economy and finance minister.

The fund’s main purpose is to finance major investment projects on a national level through partnerships with the private sector as well as financing small and medium-sized enterprises.