The State of Qatar is situated on a peninsula projecting into the Arabian Gulf, bordering Saudi Arabia to the south. Prior to the discovery of oil, the Qatari economy was largely based on pearl fishing. Within its 11,586 km2, Qatar holds the world’s third-largest gas reserves and the largest single non-associated gas field. Today, through the careful exploitation of these massive hydrocarbon resources, Qatar ranks as one of the richest nations in the world, achieving a per capita GDP of US $ 145,300 in 2010 (estimated).
The Qatari government enacts equitable economic and social policies that are pro-business, encourages foreign investment and the growth of the private sector. Qatar is a progressive society that creates opportunities for enterprise at all levels.
82% of the Qatari population, estimated at approximately 1.7 million (October 2010), live in and around the country’s thriving capital, Doha. As the global focus of Qatar’s prosperity, Doha is developing quickly, capturing the excitement of a prosperous nation that is full of optimism and great potential.
As a result of its economic successes and wise leadership, Qatar has made tremendous efforts in promoting and hosting cultural and sporting events as well as offering new educational opportunities. The December 2008 opening of the Museum of Islamic Art in Doha has been internationally celebrated as a landmark achievement. Qatar had already established a proven record of hosting successful international sporting events that included the ATP tennis tournaments, PGA golfing fixtures, the 2006 Asian Games, the World Indoor Athletics Championships 2010, and Asian Cup and Pan Arab Games in 2011. In 2015, Qatar will be hosting the men’s Handball World Championship. In December 2010, FIFA announced that Qatar would be the host of the World Cup 2022, the first for an Arab nation. Education City, where major international universities have already opened branch campuses is now home to the first academic medical center in the region, and has set a new level of educational excellence for the region.
Qatar’s broad development program is attracting a new generation of tourists in addition to business travelers. Already a well-established transit hub, Doha International Airport is undergoing huge expansion to cope with the anticipated increase in traffic. The first phase of the new Doha International Airport will open in 2012. When fully completed, the airport will be able to handle up to 50 million passengers and 2 million tons of cargo a year.
The ‘Qatar experience’ is a unique blend of business opportunities, adventure, leisure and Arabian tradition. From desert dune driving to exciting water sports, from fascinating museums to traditional markets, Qatar offers world-class hotels, restaurants and activities for the entire family in a safe and secure environment.
Today, United Development Company, with its famous project the Pearl-Qatar, fulfils a role that helps to reinforce Qatar’s position as a world-class and highly desirable destination, whether for residence, work opportunities, fine homes, shops and restaurants, world-class hotels, world's best known brands or recreational and marine activities - all this and more.