UAE-based Hydra Properties, along with Kuwait-based Al Aqeelah Leasing, Finance and Investment Co., and Tassa-meem Real Estate Co., on Tuesday announced a partnership agreement to establish Hydra Al Aqeelah Development Co.
The new company will develop Aqeeq Al Marina, mega real estate company located in Kuwait Khairan resort town.
Riyadh Al Ali, vice-president of Al Aqeelah and chief executive officer of Hydra Properties Suleiman al-Fahim, stressed the importance of this new partnership, which means a major turning point in Kuwait in real estate development, especially after Khairan project is one of the the largest real estate developments in the region.
From the first day of the company's establishment, Al-Ali said officials for the project, takes full responsibility for the development of the real estate sector through its subsidiary company, Al Aqeelah International Real Estate Co, which has been designated as one of the major companies in charge of project.
"This project embodies the combination of the ultimate in luxury and ultimately in aesthetic design, based on international specifications, which are derived from the concepts held by Al Aqeelah and Hydra Dubai properties in the construction of buildings on the basis of innovation and creativity, creating the desired goal, which at par with international standards, "said Al Fahim.
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