Frequently Asked Questions

FAQs

  • What is UDC?
    United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to the growth of the State of Qatar and providing good shareholder value.

    Established in 1999, the Company was listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 18 billion as of 30 June 2019.

    From day one, the Company actively contributing in the development of the State of Qatar, rapidly evolving into a leading Qatari public shareholding company and has successfully established a group of various good performing investments.

    Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of specific experience including detailed knowledge of real-estate development, property management, hospitality and maritime, infrastructure and utilities.

    As part of its five-year business plan (2019 - 2023), UDC is leveraging its leading market position to achieve sustainable financial performance and maintain profitability targets by focusing on the core business activities and investing in new and viable real estate developments.

    UDC’s flagship project is The Pearl-Qatar, an urban mixed-use, man-made island development. Located 350 meters offshore of Doha’s prestigious West Bay District, The Pearl-Qatar is one of the largest real-estate developments in the Gulf.

    UDC is also in the process of developing Gewan Island located adjacent to The Pearl-Qatar Island, into the Company’s latest world class residential, commercial and entertainment project. This development has the potential of becoming a magnificent destination that will maintain UDC’s future growth.
  • How is UDC achieving success?
    The strength and direction of the Qatari economy, along with the local and regional reputation of United Development Company, has enabled the Company to establish high profile projects in the State of Qatar. By applying consistently high standards of management and operation to all its enterprises, UDC has been able to maximize the successful delivery of its projects with excellent returns to shareholders.
  • What are UDC’s main assets and company investments?
    Major Subsidiaries:

    Madinainova
    The Pearl Owners Corporation (TPOC)
    Hospitality Development Company (HDC)
    Ronáutica Middle East

    Major Associates:

    Qatar District Cooling Company (Qatar Cool)
    United Ready-Mix
  • How does UDC finance its projects?
    Wherever possible, UDC endeavors not to incur corporate debt in developing its projects. Hence, the preferred method is to raise project finance, where the risk is taken on the project itself.
  • Who are UDC’s shareholders?
    UDC's founders, who held 45% of the Company's shares at launch, are among the most successful businessmen in the State of Qatar, with established track records in joint ventures, project development, banking, trading, international investment and urban development. UDC shares are listed on the Qatar Exchange and they are widely held by over 5,000 shareholders in the State of Qatar and abroad.

    - For further information on UDC's share price movements on the Qatar Exchange, please visit: www.qe.com.qa

    - If you require investor information from UDC, please contact directly:info@udcqatar.com

UNITED DEVELOPMENT COMPANY

info@udcqatar.com

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