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Al Qudra Holding International and Hydra International have joined forces to set up a new company, Q Hydra.

Al Qudra Holding International and Hydra International have joined forces to set up a new company, Q Hydra.

Q Hydra will focus on investments in the real estate sector in the GCC and other international growth markets.

"This new partnership is in line with Al Qudra Holding International's plans to expand its investments into new regional and international growth markets," said Salah Salem bin Omeir Al Shamsi, chairman and managing director of Al Qudra Holding.

"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."

According to Sulaiman Al Fahim, CEO of Hydra Properties, the company will target markets in Asia; particularly in China and India.

"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 estate projects."

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