Residential scheme set to cost $300m
The UAE-based Green Valley Real Estate is set to develop a residential project in Marrakech, Morrocco.
The $300m project will be built on a 410,000 square metre plot of land and will feature 350 villas, according to local reports.
The scheme will be built near Marrakech Menara Airport just outside the city centre.
Green Valley Real Estate also recently launched two other projects in Morocco. The Emirates Complex and the Casablanca projects will both be developed in Casablanca. Green Valleys total investment in Morocco is unclear although the company has said it is looking to increase its presence in North Africa.
Also in Morocco, the US-based Hill International recently secured a contract from an affiliate of Wessal Capital to provide project management services in connection with phase one of the Wessal Bouregreg development in Rabat.
The $900m mixed-use development will feature a 4,200 residential units, a 5,000-sq-m shopping mall, 104,600 sq m of commercial office space, public parks, plazas and a waterfront promenade.
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