Hydra Properties denies JV with Wall Investment

UAE-based Hydra Properties has issued a statement denying news reports of an alleged formation of a partnership or joint venture with Wall Investment & Real Estate Development, a Qatar-based real estate investment firm. Hydra Properties CEO Dr. Sulaiman Al Fahim met earlier with Dr. Nasser Shahir Homoud, the Qatari firm's CEO and UN Ambassador of Goodwill, to discuss initiatives to support a number of United Nations humanitarian programs. However, the meeting revolved around the said corporate social responsibility scheme and no agreement or alliance pertaining to conducting business or seizing investment opportunities in the region was forged with Wall Investment, the statement said.