America's billionaire real-estate developer visits The Pearl-Qatar

Doha, Qatar - April 20, 2008: One of the world's most famous property developers, Manhattan real estate mogul, entrepreneur, and TV celebrity, Donald Trump, jetted into Doha last week. And the man who wrote the best selling book, "The Art of the Deal" was immediately impressed by both Qatar's booming economy and its exciting investment opportunities.

The impeccably dressed native New Yorker, who presides over a vast real estate empire with assets in the billions of dollars, was especially awed by The Pearl-Qatar, the largest real estate development in Qatar and one of the most lavishly designed in the world.

Trump, president of the celebrated Trump Organization, a massive US-based real estate empire, which includes scores of New York City skyscrapers, as well as resort hotels in Miami and casinos in Atlantic City and Las Vegas, made an unofficial visit to the Island, together with his daughter and two sons.

The man who the American media simply calls "The Donald," was warmly welcomed by executives from United Development Company (UDC), owner and developer of the Qatari Riyal 55 billion (US$15 billion) The Pearl-Qatar.

Trump was quick to commend the developers of The Pearl-Qatar for what he called "an absolutely spectacular project." The smiling larger-than-life mogul peppered UDC executives with questions during an hour long boat tour around the Island, about the scale of The Pearl-Qatar, its unique facilities and its construction schedule.

Trump, who was voted by the editors of BusinessWeek magazine as one of the top ten most competitive businesspeople on the entire planet, has expressed keen interest in exploring opportunities still available on the island.

Describing the quay walls along the shores of the Island, Trump said: "They really did a good job here... it's a fantastic job."

During his tour around The Oyster, the marketing center for The Pearl-Qatar, Trump received an extensive presentation, which covered all aspects of the prestigious development, which will soon be home to over 41,000 local and international residents.

Aside from the residential facilities there will be three marinas, with over a 1,000 berths for private yachts, three five-star hotels, plus a host of international brand name retail outlets.

"The Island has increasingly been attracting investment interest from around the world", said Salim Abdul-Rahim, general manager of sales, "and this visit by Donald Trump is yet another example of the growing reputation worldwide of UDC and its flagship project, The Pearl-Qatar!"

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ABOUT THE PEARL-QATAR
The Pearl-Qatar is an offshore, Riviera-style man-made island, covering 985 acres of reclaimed land with an estimated cost of QR55 billion. It is Qatar's first international real estate venture, one of the largest real estate developments in the country and the first to offer freehold and residential rights to international investors. It will create over 32 kilometers of new coastline.

The Pearl-Qatar's name and location, on a former pearl diving site, highlights the country's traditions, and strong historical and cultural ties to the sea. It is an island rediscovered.

The Pearl-Qatar will eventually house 41,000 residents in an up-scale, multi-cultural residential community which will be a secure and exclusive island retreat bringing the ambience and lifestyle of the Mediterranean to the heart of Arabia.

The four-phase development comprises 10 distinct districts to be developed over a period of five years. The Riviera Arabia themed districts will house three luxury hotels, two boutique hotels, three marinas with combined mooring for over 1004 boats, and more than 2 million square feet of luxury retail, recreation and restaurant space.

Built 350 meters offshore of the West Bay Lagoon area of the country's capital, Doha, the Island will offer an exclusive retreat with easy access to the capital's thriving community.

The Pearl-Qatar is being developed and promoted by United Development Company (UDC), one of Qatar's leading private sector shareholding companies.

For more information, please contact:
Mira El-Baphe
Senior Media Relations Officer
Tel: +974-5970433
Fax: +974-4438971

© Press Release 2008