United Development Company QSC (UDC) is a leading Qatari shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth 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 3.372 billion, total assets of QR 18.764 billion at 31 December 2013 and a market capitalization of QR 7.625 billion.
UDC’s target areas of interest include: infrastructure, real estate, energy-intensive industries, hydrocarbon downstream manufacturing, maritime and environment-related businesses, urban development, utilities, hospitality, retail and fashion, information technology, media and communications, property management, insurance, security and other services.
From day one, the company’s mission has been to become a cornerstone in the development of Qatar and the region, creating lasting value and maximizing returns for partners and shareholders. Through a combination of project activities and commercial enterprise, UDC has developed into the first-choice private sector and joint venture partner for international investors in Qatar, and has successfully established several new companies and investment vehicles across the region including Hospitality Development Company (HDC), United Fashion Company (UFC), Ronautica Middle East, Madinainova, Resorts and Leisure Company and The Pearl Owners Corporation.
Since 1999, UDC has progressively moved from the project research stage into the development, production and operations stage. Project research has led to the creation of companies, considered to be among the most successful in their related fields. The company prides itself in its ability to create quality investment opportunities at home and overseas.
UDC’s founders and current Board members are among Qatar’s most successful investors and developers. Qatari shareholders own 75 percent of the company’s total shares, while the remaining 25 percent are held by international investors.
The company continues to quest for excellence and progress by identifying and adding new investments and partnerships to its diversified portfolio of excellent businesses.