UAE's Hydra Properties strives for stronger Kuwaiti presence

In a bid to further boost its strong presence in Kuwait's real estate market, UAE based Hydra Properties, one of the leading regional real estate developers, has today, announced its overwhelming participation and platinum sponsorship of the Kuwait International Property Show, which will be held on 14-18 of April 2008 at the Kuwait International Fair Center in Mesherf.

  • United Arab Emirates: Tuesday, April 08 - 2008 at 14:07
  • PRESS RELEASE


The Aqeeq Al-Marina, a mega real estate venture in the region, located at Kuwait's resort city of Khairan.
The Aqeeq Al-Marina, a mega real estate venture in the region, located at Kuwait's resort city of Khairan.

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The company's participation comes in line with its recently announced a strategic partnership agreement with Kuwait's Al-Aqeelah and UAE's Tassameem. In light of the importance of the exhibition Al Aqeelah will be jointly present with Hydra Properties.

Dr. Sulaiman Al Fahim Chief Executive Officer of Hydra Properties said:

'We are very pleased to participate in this very important exhibition which is a gateway for opportunities to Kuwait's real estate investments and developments. It will provide us with a formidable platform for networking and a chance to build solid relationships with potential partners and investors'.



The company's Kuwaiti activity includes the recently announced partnership agreement signed between Hydra Properties, Kuwait-based Al-Aqeelah Leasing, Finance and Investment Co., and Tassameem Real Estate Co., which gave birth to the launching of Hydra-Al-Aqeelah Development Co., established with the aim to develop the Aqeeq Al-Marina, a mega real estate venture in the region, located at Kuwait's resort city of Khairan.

Commenting on this partnership, Dr. Al Fahim said: 'We see this strategic partnership with Al-Aqeelah and Tassameem as a major catalyst for our Kuwaiti début for they are solid partners with sound financial power and excellent technical expertise'.

'We see the regional construction boom to continue for a number of years as construction projects in the region have today reached over US$1,207 billion, according to expert estimates. We as a property developer are always seeking to expand on both regional and global levels; our presence in Kuwait is a pure indicator of the importance of the Kuwaiti real estate market.' Dr. Al Fahim explained.




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About Hydra Properties

Hydra Properties is a privately owned company, established in 2006 in Abu Dhabi, the capital of UAE. The company was established with a vision to provide the UAE, Middle East and the World with unprecedented development concepts which is reflected in the companies various landmark projects. Since inception, the company adopted using the best international building criteria in the world, and introducing new concepts in design and materials used.

At Hydra Properties there is a firm belief in the humanizing factor, real estate is not only about building blocks made out of concrete and steel but are actually homes and offices of people with emotions and feelings, that is why we always aspire in creating a development that nurtures and accommodates the human side of real estate.

Hydra Properties does not only see itself as a real estate development company but also as a company with clear social commitments and responsibilities. A company that never miss an opportunity to give back to society through its endless community activities in the areas of cultural awareness, support to sports activities and providing major community service through its active and ongoing role in supporting health, education and social institutions.

Hydra Properties has rapidly expanded in the UAE with several mega projects in Abu Dhabi and Dubai. Yet, its relentless efforts have allowed it to expand globally into Mexico, where it has developed 'Hydra Waves', one of the largest projects in Northern Mexico. The company plans to expand even more, with development projects in several other countries.

For Further Information Contact:

Yasser Fathy/Walid El-Tigi
Arabia PR FZ LLC
Tel: +9714 3911201; Fax: +9714 3904511
P.O. Box: 500491, Dubai, UAE
Office 235, Building 10 (BBC World Building), Dubai Media City
Eman Hassan Posted by Eman Hassan
Tuesday, April 08 - 2008 at 14:07 UAE local time (GMT+4)

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This Article was updated on Wednesday, July 16 - 2008


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