The King of Morocco has reportedly forked out $94m for a mansion house in the French capital, Paris, bought directly from its previous owners, the Saudi royal family. Located close to the world-famous Eiffel Tower, the property boasts 12 bedrooms, a swimming pool, a games room, a private garden and private parking. King Mohammed VI is one of the world’s richest monarchs, with an estimated personal fortune 10 times higher than that of Britain’s Queen Elizabeth II.
Morocco’s low labor costs and close proximity to Europe has allowed the nation to move towards a diverse market-oriented economy. Despite its economic progress, 4 million Moroccans remain in poverty and live on less than $4 a day. Poverty in Morocco remains an issue.
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