Qatar's United Development Company (UDC) has plans to cary out new projects collectively valued at a whopping QR7bn (close to US$2bn), increase its capital and launch a mega rights issue. This was disclosed by Husain Al Fardan, UDC's chairman, the Peninsula reported.
The UDC's interests are focused in specific sectors such including real estate development projects. It should be recalled that The Pearl-Qatar is wholly-owned by UDC.
