Q Hydra, a joint venture between the two companies, will focus on investments in the real estate sector in the GCC and other international growth markets, beyond UAE.
H.E. Salah Salem bin Omeir Al Shamsi, Chairman and Managing Director of Al Qudra Holding, said: 'This new partnership is in line with Al Qudra Holding International's plans to expand its investments into new regional and international growth markets. Both companies have developed huge experience in the investment field, especially in markets that deliver a high return on investment. This partnership will enable both parties to expand internationally and harness that experience on new and existing projects.'
Dr. Sulaiman Al Fahim, CEO of Hydra Properties said: 'We are proud to announce the formation of this new real estate company which is in line with the expansion plans of Hydra Properties. We have developed an action plan for the new company that will cater for the needs of the international markets especially for real projects. We will target Asian markets specifically such as China and India.'
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Al Qudra Holding International and Hydra International sign agreement to establish Q Hydra
Al Qudra Holding International, the international investment arm of Al Qudra Holding, and Hydra International, the international arm of Abu Dhabi-based Hydra Properties, yesterday signed an agreement to set up a new company Q Hydra.
- United Arab Emirates: Wednesday, October 17 - 2007 at 15:11
- PRESS RELEASE
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About Al Qudra HoldingAl Qudra Holding is the leading private joint stock investment company based in the United Arab Emirates. Established in May 2005, the company has focused on contributing to the development of the Emirates and has quickly become one of the fastest growing companies in terms of performance, as well market capitalization.
Today, the company has a large group of specialized subsidiaries that operate under its umbrella in important sectors such as education; tourism; industry; health care; agricultural, energy; infrastructure development; sports management and the entertainment industry. Furthermore, Al Qudra Holding has put forward unique investment opportunities and facilitated the development of various projects that meet the local and regional market needs.
The company is considered the ideal strategic partner for many leading regional companies looking to invest in the United Arab Emirates, and Abu Dhabi in particular. This has been achieved through the trust, expertise and competencies that the company has acquired through the successful foundation of project and investment strategies that have attracted strategic and specialized partners in all fields from across the globe. Al Qudra Holding is currently investing in the development of various projects in Morocco, Yemen, Algeria, and Senegal with future plans to invest in Egypt, and Syria and other international economies.
About Hydra Properties
An established trendsetter, Hydra Properties owns and operates real estate that brings value through a redefined concept of living that draws on the strength of its management with special attention on customer care. Not merely a developer of buildings, Hydra Properties creates full-fledged communities that flourish in enriching environments defined by comfort, serenity and well-being.
These communities prosper in thriving developments, whose strategic location in proximity to business centers and commercial hubs, provide comfortable living. Hydra Towers, Eves Tower, Hydra Downtown Tower, Hydra Twin Towers, Hydra Village, Golf Walk and other projects are but a few examples of Hydra Properties' ever-growing realty portfolio, which includes mega projects that will soon generate shockwaves in the real estate market.
Furthermore, the company just recently launched its first oversees project in Mexico. Surrounded by the picturesque Sierra Madre Mountains and a panoramic seaport, the sunny palm-lined beach city of Mazatlan on the Northern Pacific Coast of Mexico has become the latest destination for Hydra Properties as it unveiled its first international project, Hydra Waves. Hydra Waves will comprise of a five-star hotel having 500 rooms, one thousand apartments with a sea-view, a 1,000-seat conference centre, shopping centre and a ballroom hall.
Hydra Properties' latest project, the Golf Walk, is an oasis of calm and relaxation, which will set the benchmark for golfing communities in the region. Designed in two phases, the project will be home to 27 low-rise residential buildings, looking on to a world-class, 27-hole golf course, designed to PGA standards. In the ethos of Hydra Properties' eco-friendly living environments that promote health, serenity and peace of mind, Golf Walk will offer lush, verdant expanses, airy, French-style courtyards, sprawling gardens and landscaping, including dancing fountains and walkways and outdoor running tracks. A short five minutes from Al Raha Beach, Hydra's new community will also offer the best in luxurious lifestyle. Smart home technology, recreation areas for the family and facilities including gyms, swimming pools and 24-hour security complement the architectural fusion of traditional Arabic and futuristic design. Hydra Golf Walk is due for completion in early 2010.
For more information please contact:
Firas Naasan
PR Account Director
Viola Communications
Tel: +971 2 644 9444
Fax:+971 2 645 1199
Carmen El Hajj
PR & Communication Manager
Al Qudra Holding
Tel: +971 2 4148888
Direct: + 971 2 4148723
Fax: +971 2 4488899
Mobile: +971 50 5611485
Posted by Medilyn Manibo, Assistant News EditorWednesday, October 17 - 2007 at 15:11 UAE local time (GMT+4)
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Index : Company News : Al Qudra Holding : Al Qudra Real Estate (AQRE)
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