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Tue 6 Sep 2016 02:02 PM

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UAE's Eagle Hills in talks to finance $150m Moroccan project

The Fairmont Residences project, which is under construction, is set to be delivered in 2019

UAE's Eagle Hills in talks to finance $150m Moroccan project
Mohammed El Merini, General Manager of Eagle Hills Morroco.

Abu Dhabi real estate developer Eagle Hills is in talks with Moroccan and international banks to finance half the costs of a project in Morocco's capital Rabat, the company's general manager Mohammed el-Merini said on Tuesday.

The Fairmont Residences project, which is under construction and is to be delivered in 2019, will be worth about $150 million, including construction costs, Merini told reporters.

The project, with an area of 44,000 square metres, is to feature 184 hotel rooms and 79 residences.

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