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Covering major construction projects in the Middle East
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 Updated: 20Jan12
 
Hydra Al Aqeelah Development Company - Aqeeq Al Marina
Also Known As : Al Aqeeq Marina
Country : Kuwait
Project Value : N/A
Sector : Real Estate | Mixed Development
Profile Type :  Standalone Project
On Hold
Last Activity:
Planning
 
 
Owner : Hydra-Al-Aqeelah Development Company
Shareholders : Hydra PropertiesHydra PropertiesLoading... - UAE
 Al-Aqeelah Leasing Finance and InvestmentAl-Aqeelah Leasing Finance and InvestmentLoading... - Kuwait
 Tassameem - UAE
Location :
Pearl City, Al Ahmadi, Kuwait
Contract Type : Construction
Facility Type : Mixed development
Capacity : Total land area: 50,000 sq.m.
Background Hydra-Al-Aqeelah Development Company plans to develop Aqeeq Al Marina, a mixed use development in Khairan, Kuwait.

The project is the first phase of Khairan’s Pearl City scheme and will spread over an area of 50,000 sq.m., and will include 6 residential towers, 3 hotel towers, and a commercial space.
Latest Events In January 2012, the project was still on hold and no expected date to resume work was yet revealed.
Previous Events In December 2008, the project was put on hold due to financial issues.

In March 2008, a partnership agreement was signed between Hydra PropertiesHydra PropertiesLoading..., Al Aqeelah Finance Leasing and Investment CompanyAl Aqeelah Finance Leasing and Investment CompanyLoading... and Tassameem Real Estate Company to establish Hydra-Al-Aqeelah Development Company.
Scope of Work Construction of:

- 6 residential towers
- commercial space
- 3 hotel towers
Project News
08-Apr-2008 UAE'S Hydra Properties strives for stronger Kuwaiti presence - Press Release
25-Mar-2008 UAE's Hydra Properties, Kuwait's Al-Aqeelah and Tassameem Real Estate establish Hydra Al Aqeelah Development Co. - Press Release

Project Schedule

ScheduleContract Phase/PhaseDescription
Mar 2008 PlanningPartnership agreement signed to establish Hydra-Al-Aqeelah Development Company
Dec 2008 PlanningProject put on hold

Project News

08-Apr-2008 UAE'S Hydra Properties strives for stronger Kuwaiti presence - Press Release
25-Mar-2008 UAE's Hydra Properties, Kuwait's Al-Aqeelah and Tassameem Real Estate establish Hydra Al Aqeelah Development Co. - Press Release
 
Hydra Al Aqeela Development Company
Owner 
 
Al-Aqeelah Leasing Finance and Investment
Shareholder 
Al Johara Tower, 6th Floor, Ali Al Salem Street, P.O. Box 434, Kuwait City 13005, Kuwait, Al Assimah
Tel: +965 2298-7777 | Fax: +965 2298-7707 | Email: info@al-aqeelah.com
 
Hydra Properties
Shareholder 
Villa 1 and 2, Street 16, Plot 128, Al Khalidiya West 9 Area, P.O. Box 62162, Abu Dhabi, United Arab Emirates, Abu Dhabi
Tel: +971 2-667-1111,+971 2-658-1898 | Fax: +971 2-667-7660 | Email: info@hydraproperties.com | Website: http://www.hydraproperties.com
 
Tassameem
Shareholder 
Bainona Street, Abu Dhabi, P.O. Box 63631, Abu Dhabi, UAE
Tel: +971 2-665-6631 | Fax: +971 2-665-6634 | Email: info@tasameem.ae | Website: http://tasameempm.com
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