Qatar's UDC prepares for accelerated development
With Qatar's private sector investment policies delivering strong growth, United Development Company (UDC), Qatar's largest private sector firm, announced that it is readying itself for accelerated development with the upcoming launch of Pearl of the Gulf real estate project.
The overall investment is expected to be $2.5 billion. The Pearl of the Gulf, a man-made island of around 400 hectares, will set unprecedented standards in district planning, engineering and architecture when it unveils in 2006, reported a press release.
UDC is the largest private sector Qatari Shareholding Company. Its mission is to identify and invest in long-term projects that will contribute to the growth of Qatar and provide good shareholder value. The company was established in mid-1999. — (menareport.com)
© 2004 Mena Report (www.menareport.com)