Hydra says flagship project on course for Q4 2011 completion

  • Share via facebook
  • Tweet this
  • Bookmark and Share
CONSTRUCTION UPDATE: Hydra Properties has said its Al Reem flagship project is on track for completion in Q4 2011.

CONSTRUCTION UPDATE: Hydra Properties has said its Al Reem flagship project is on track for completion in Q4 2011.

Abu Dhabi developer Hydra Properties has revealed that it has introduced a policy of unannounced site visits by senior company chiefs in a bid to keep projects of track and improve quality.

Following an unannounced visit to the company's flagship development Hydra Avenue on Reem Island, its CEO has said that it is on schedule for completion in the forth quarter of 2011.

The progress and quality inspection by Hydra Properties’ CEO, Ali Bin Sulayem, confirmed the development was on track for the next milestone - the 50 percent structure completion for towers C4, C5 and C6 to be completed in April 2010.

He added that Hydra Avenue investors were now able to access regular construction updates through the company's website, including the completion of the enabling work and pile cap in October.

The entire development is on track for completion on schedule in Q4 2011, he said, adding that unannounced site visits by top level management ensured they had "full visibility of progress and construction quality".     

Sulayem added: “We are pleased to see the progress that has been made here, and the quality of work is exemplary. I receive regular update reports, but I like to visit the site and see the construction progress with my own eyes.

“Hydra Properties is committed to completing Hydra Avenue in accordance with our timetable and communicating this progress to our investors. I would like to express my gratitude to all our employees and contractors who have come together to make this happen.”   

The Hydra Avenue development comprises six towers of 24-29 storeys each.   

Hydra Avenue is one of Hydra’s many projects on Al Reem Island, which include Hydra Corporate Towers, Hydra Executive Towers, Hydra Heights, Marina Spirit, Hydra Square, and Hydra 55.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Slumping oil won't derail $500bn Gulf infrastructure plan

Slumping oil won't derail $500bn Gulf infrastructure plan

Rich GCC nations will deploy huge reserves to maintain a breakneck...

Revealed: GCC's top 10 developers

Revealed: GCC's top 10 developers

The biggest players behind many of the region's most ambitious...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

Most Discussed