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Hydra moves into Mexico

Dubai-based Hydra Properties has announced plans to build a US $500 million (AED1.8 billion) tourism destination in Mazatlan on the northern pacific coast of Mexico.

Dubai-based Hydra Properties has announced plans to build a US $500 million (AED1.8 billion) tourism destination in Mazatlan on the northern pacific coast of Mexico.

Hydra Waves will comprise a five-star hotel with 500 rooms, 1,000 apartments, a 1,000-seat conference centre, a shopping centre and a ballroom.

"We have chosen to launch our property in Mazatlan because, like Dubai, it offers visitors diverse choices in tourism, including its rich heritage and traditions and colourful colonial-style architecture," said Sulaiman Al Fahim, chief executive officer, Hydra Properties.

"In this project, we are also looking at attracting the business community and will be setting up a conference centre that will seat 1,000 people. Since shopping is a major draw for the inbound tourists and visitors, we are building a shopping centre that will cover 9,290m2 and cater to their needs."

Hydra Properties is also behind the Hydra Village development, a mixed-use community in Abu Dhabi.

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