al qudra holding international and hydra international sign agreement to establish q hydra, a new company focused on real estate investments outside
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. 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.”