United Development Company (UDC) owner and developer of The Pearl-Qatar, the multi-billion dollar offshore island and one of the largest real estate developments in the country, is the platinum sponsor for The 4th International Trade Exhibition for Construction Technology, Building Materials, Equipment and Environmental Technology in Qatar.
The exhibition, dubbed Project Qatar 2007, is guaranteed to bring the best of the world’s construction technology, building materials, equipment and environmental technology sectors to the new and booming market of Qatar and the Gulf Arab region.
Project Qatar 2007 is an excellent opportunity for exhibitors, project owners, key buyers, contractors, consultants and engineers from all over the region to meet.
“As owner and developer of The Pearl-Qatar, one of the most technologically advanced real estate projects in the world, UDC is pleased to be sponsoring Project Qatar 2007,” said Roger Dagher, Chief Communication Officer for UDC.
“Qatar is home to one of the region’s most dynamic and lucrative construction industries. Major developments such as the New Doha International Airport and The Pearl-Qatar Island are two multi-billion dollar projects that we are heavily involved with. In addition, Qatar is investing $130 billion dollars to transform the country and diversify its economy. These combined factors signify the importance of such an exhibition and we look forward to meeting with contractors and exhibitors from around the world,” Dagher added.
Project Qatar 2007 will be held at the Qatar International Exhibition Centre starting from 2 April until 5 April.
UDC’s affiliate company, Qatar Dredging Company has been responsible for dredging work at the New Doha International Airport and was in charge of all land reclamation work at The Pearl-Qatar, the largest island in Qatar waters.
During the two-year land reclamation process, 400 hectares of new land were created with a 32 kilometre shoreline, three coves, and navigable canals in addition to numerous other features.
A jewel in the Arabian Gulf, The Pearl-Qatar is the country’s first international real estate venture, and will be home to approximately 40,000 residents in more than 15,000 dwelllings within 11 inspiring precincts by 2010.
ABOUT UNITED DEVELOPMENT COMPANY (UDC)
United Development Company (UDC) is one of the country’s leading public shareholding companies. UDC’s mission is to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. The company was established in 1999 and has an authorized share capital of QR 1.072 billion (US $294 million), was listed on the Doha Securities Market in June 2003, and is a Gulf Business Top 100 company.
UDC’s target areas of interest include: infrastructure, energy-intensive industries, downstream hydrocarbons, real estate, construction and environment-related businesses. UDC established the Qatar Dredging Company (QDC), a joint venture with the State of Qatar and Belgium’s Dredging, Environmental & Marine Engineering NV, and formed Qatar Cool, a district cooling company, in partnership with Tabreed of the United Arab Emirates. UDC also partnered with Seef Limited, a joint venture with Qatar Petroleum, to develop a plant to produce linear alkyl benzene (LAB), which is the main feedstock for detergent manufacture. The plant started operations in 2006 with a production capacity of 100,000 tons a year. UDC has also invested in the Gulf Formaldehyde Company as a joint venture partner with Qatar Fertiliser Company (QAFCO) and other Qatari investors. Operations began in 2004.
In November 2005, United Development Company entered into a new joint venture with BESIX NV of Belgium to establish a ready-mix concrete facility, with shareholding split between UDC (32%) and BESIX NV (49%). The remaining shares were acquired by local Qatari investors. Production began in June 2006. On May 31, 2006 UDC entered into a partnership with a Turkish biological wastewater treatment company (Millenya Inc.). Under the terms of this partnership, UDC acquired 60% of Millenya's equity.
United Development Company’s latest business partnership was signed on November 28, 2006 when the company concluded a joint venture agreement with Spain’s Ronautica S.A. The agreement will see the establishment of Ronautica-Middle East, a Marina Operations and Management Company. UDC will hold a 60 percent stake while Ronautica S.A. will hold the remaining 40 percent in the new firm.
UDC’s founders, who at launch held 45% of the shares, are among Qatar’s most successful investors and developers. A large number of Qatari and GCC investors are shareholders in UDC.
For more information, call UDC Corporate Communication Department: +974 446-3457
