Doha, Qatar -April 24. 2012: United Development Company (UDC), master developer of the Pearl-Qatar, has solidified its position as one of the region's leading companies, winning the prestigious "Best Developer" title at Construction Week Qatar Awards, held earlier this month in Doha.

Engineer Badr Al-Meer, Vice President Engineering & Construction at UDC, received the award at a gala ceremony held at the Grand Hyatt Doha. It is the second year in a row UDC has won the coveted award.

Al-Badr said awards were in recognition of UDC's and The Pearl-Qatar's commitment to excellence and to creating world class residential and that leisure development and all involved with the project were proud of the achievement.

"At UDC we are all proud to be involved with this truly exceptional project, which has been able to flourish because of the vision and wise leadership of His Highness Sheikh Hamad bin Khalifah Al-Thani, Emir of Qatar," Al-Badr said.

The second annual Construction Week awards saw a total of 17 awards handed out across a range of individual, company and project categories which celebrated and recognized achievements in Qatar's construction industry.

UDC has so far completed approximately 99% of The Pearl-Qatar's infrastructure and the completion of construction for all stages is expected by the end of 2015. The Pearl-Qatar combines high quality features and high-end services that will accommodate 45,000 people from 52 nationalities from around the world.

The project is a combination of commercial, residential, and leisure investment. In addition, the engineering design was inspired by Mediterranean architecture that was clearly mixed with Islamic architectural art while keeping influences from Qatari heritage.

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About United Development Company (UDC)
Founded in 1999, United Development Company (UDC) has been listed on the Qatar Exchange since June 2003 and is one of Qatar's leading private sector shareholding companies.

The United Development Company was established with the vision to identify and invest in long-term projects contributing to Qatar's growth and providing lasting shareholder value.

UDC's target areas of interest include: infrastructure and utilities, energy-intensive industries, hydrocarbon downstream manufacturing, real estate, urban development, maritime and environment-related businesses, hospitality, retail and fashion, information technology, media and communications, insurance and other services. 

UDC has shown an ability to attract and partner with the highest quality of international talent, bringing outside expertise to bear on significant developments in Qatar and beyond. It has also demonstrated a successful model for synergistic growth, creating and operating a diverse portfolio of substantial businesses that leverage off one another and generate additional revenue streams in new markets.

 UDC's founders and current Board Members are among Qatar's most successful investors and developers. Thousands of Qatari shareholders hold 75 percent of the total shares and the remaining 25 percent are held by other GCC and international investors.

About The Pearl-Qatar
The Pearl-Qatar is a unique and innovative urban development in Doha, Qatar.  A masterpiece of private and modern living on an Island spanning over 4 million square-meters of land, The Pearl-Qatar offers a tailored range of residential solutions to meet the highest of standards available in the Gulf.  Furthermore The Pearl-Qatar plays host to the latest retail and hospitality offerings from the world's leading brands and restaurants.

Developed by United Development Company (UDC), the Island is located 350 meters offshore of Doha's prestigious West Bay District and is one of the largest real-estate developments in the Gulf.

FOR MORE INFORMATION:
UDC Corporate Communications
corporatecommunications@udcqatar.com

© Press Release 2012