United Development Company (UDC)
United Development Firm (UDC) was established in 1999 as an urban development and investment company, and was first listed on the Qatar Exchange in June 2003. Since its establishment, UDC has made a significant contribution to the growth of the State of Qatar, rapidly growing into a prominent Qatari public shareholding firm and successfully establishing a portfolio of high-performing investments. It has an authorized share capital of $961 billion and total assets of $5.5 billion as at 30 June 2021.
UDC operates in four segments: Urban Development, which includes real estate development and construction activities; Hydrocarbon and Energy, which includes production and sale of chemicals and hydrocarbon materials; Hospitality and Leisure, which includes the investment and development of hotel and leisure facilities, as well as Infrastructure and Utilities, which covers construction and management of district cooling systems and marina activities.
The Urban Development section is the segment which generates the majority of UDC’s revenue. Its 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 GCC. Additionally, UDC is currently developing Gewan Island, located adjacent to The Pearl-Qatar Island, into the Company’s latest world class residential, commercial and entertainment project.