The UAE-based Green Valley Real Estate is set to develop a key residential project in Marrakech, Morrocco, at an investment of 3 billion Morrocan dirhams ($300 million), said a report.

The upcoming City of Green Valley Marrakech will come up on a 410,000-sq-m area featuring more than 350 luxury villas, reported Morocco World News.

A 10-minute drive from Marrakech Menara Airport, the project is located on the road leading to the dam Takerkoust - and away from the centre of city of Marrakech.

Green Valley Real Estate has a major presence in Morocco through its UAE residential complex and Casa projects launched earlier, said the report.

The new project boasts several key services that will make the city an integrated residential resort. it added.