Investors in delayed projects planned by Hydra Properties have welcomed the company shake-up that has seen Sulaiman al Fahim replaced as CEO.

The real estate company has faced a barrage of complaints from investors in Hydra Village, a residential development near Abu Dhabi International Airport, which is two years behind schedule.

On Wednesday, it was announced that al Fahim would become a member of the company’s board of directors, with Hydra’s Ali bin Sulayem, of parent company, Royal Group, replacing him as chief executive.