Unprecedented interest in Kuwait for UAE's Hydra Properties

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 announced that it has received unprecedented interest for all its projects at the Kuwait International Property Show, which was held from the 14-18 of April 2008 at the Kuwait International Fair Center in Mesherf.



The Hydra Properties at KIPS.
The Hydra Properties at KIPS.

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The company's participation and platinum sponsorship for the fair comes in line with its recently announced strategic partnership agreement with both Kuwait's Al-Aqeelah and UAE's Tassameem. In light of the importance of the exhibition, Al Aqeelah has jointly participated with Hydra Properties in the show.

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

'We were very pleased to have participated in this very important exhibition which has paved the way for new opportunities in Kuwait's real estate investments and developments. It has provided us with a wonderful platform for networking and a chance to build solid relationships with new partners and investors and has also provided us with an excellent chance to showcase our projects to the Kuwaiti audience.'



The company's Kuwaiti activities include 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 step for our Kuwaiti début for they are well known partners with sound financial power and excellent technical expertise in this booming market across the GCC and the Middle East region.'

'We are confident that the regional construction boom will continue for a number of years as construction projects in the region have today reached over $1,207bn, 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 well studied step, reflecting the importance of the Kuwaiti real estate and construction 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
www.arabiapr.com
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Monday, April 21 - 2008 at 09:10 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Wednesday, July 16 - 2008
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