|
|
|
A logo of Abu Dhabi-based Hydra Properties |
A leading property firm in Abu Dhabi, Hydra Properties, would explore the debt markets to for its expansion that include real estate projects from Eastern Europe to Mexico, its chief executive officer said.
Sulaiman Al-Fahim, a board member of the Abu Dhabi group said: "We will be finalising the business plan. We are now doing a study for the next three years, we hope to complete it early next year."
Hydra Properties would seek loans to help pay for expansion, he said. The firm would not consider selling shares to the public before 2010, Al-Fahim added. UAE property developers driven by regional economic boom owing to high oil prices are investing in real estate projects across the world to diversify their risk.
