The Pearl-Qatar, United Development Company’s (UDC) multi-billion dollar offshore island and one of the largest real estate developments in the country, was host to a presidential delegation from Sri Lanka last week, officials said.
Headed by President Mahinda Rajapaksa, the Sri Lankan high-level delegation also included ministers, senior officials and a group of prominent business leaders.
UDC Chief Executive Officer Ebrahim Al-Sulaiti welcomed the visiting delegation at The Oyster Sales and Marketing Center. The oyster-shaped building houses a giant model of The Pearl-Qatar and serves as a starting point for all official visits to the Island.
“We welcome this visit to The Pearl-Qatar by H.E. President Mahinda Rajapaksa,” CEO Ebrahim Al-Sulaiti said. “The visit clearly highlights The Pearl-Qatar’s positioning as a first-class international urban development and provides a golden opportunity for the Sri Lankan entrepreneurs to venture into the Qatari market in general.”
He added, “The Pearl-Qatar is UDC’s flagship development which will ultimately be home to more than 42,000 residents and boast one of the region’s most elegant shopping districts. It’s a mix use residential, retail, entertainment and cultural development second to none in the region.”
President Rajapaksa expressed pleasure with the visit, which included a yacht tour around the Island. “It was important to get a real hands-on perspective of this spectacular development. The boardwalk and yacht tours were particularly impressive, providing an opportunity for us to view some of the wonderful areas of this Island.”
The Pearl-Qatar is an up-scale residential community and a secure island retreat that brings the ambience and lifestyle of the Mediterranean to the heart of Arabia. It is Qatar’s first international real estate venture offering true freehold investment opportunities to international buyers.