Abu Dhabi developer Eagle Hills has started talks with Moroccan and international banks to finance its Fairmont Residences project in Rabat.
The company said it will look to raise funds from local and international banks for half the cost of the estimated $150m project in Moroccos capital.
The project, which will be built on an area of 44,000 square metres, will have 184 hotel rooms and 79 residences, according to a statement from the company.
Construction on the project has already started. Moroccan contractor Travaux Generaux de Construction de Casablanca (TGCC) was awarded the main construction contract in June this year.
In Sharjah, Eagle Hills has formed a partnership with Dubais Emaar Properties and Sharjah Investment & Development Authority (Shurooq) to jointly establish Omran Properties, a new real estate development company in Sharjah.
In Bahrain, it is developing the Marassi al-Bahrain project, which is being developed with Diyar al-Muharraq.
Marassi al-Bahrain development
The developer also has two schemes in Jordan: the Saraya Aqaba resort and the St Regis Amman.
Internationally, Eagle Hills has announced plans for a major project in Serbia, where the company has come under pressure from local residents near its Belgrade Waterfront project in Serbia.