Al-Othman: “Through this partnership, we aim to leverage cutting-edge technologies to enhance the quality of life in The Pearl and Gewan Islands”

Lau: “We are delighted to establish this collaboration with UDC to implement innovative solutions that will contribute to the growth of smart cities and communities”

Doha, Qatar – October 14, 2024: United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has signed a Memorandum of Understanding (MoU) with Qatar Science & Technology Park (QSTP), a member of Qatar Foundation, to foster collaboration on innovative and sustainable solutions in real estate development. The signing ceremony took place at Cityscape Qatar 2024 and was attended by Mr. Ibrahim Jassim Al-Othman, UDC President, CEO, and Member of the Board, and Dr. Jack Lau, President of QSTP.

This strategic partnership marks a significant milestone in UDC’s ongoing commitment to integrating smart and sustainable technologies into its developments, further enhancing The Pearl and Gewan Islands as premier destinations for living, working, and entertainment. The collaboration will focus on areas such as technological advancements, research and development in environment and sustainability, and the implementation of smart city technologies.

Mr. Ibrahim Jassim Al-Othman stated: "This MoU aligns with UDC’s vision of creating sustainable, technologically advanced communities that meet the evolving needs of our residents and investors. Through this partnership with QSTP, we aim to leverage cutting-edge technologies to enhance the quality of life in The Pearl and Gewan Islands, while also contributing to Qatar’s national environmental and sustainability goals."

The collaboration will explore various initiatives, including the development of smart sustainable cities, capacity building through training programs, and research and development to support sustainable innovations. Both parties will work closely to ensure the implementation of these projects under joint agreements, with the goal of achieving impactful, environmentally friendly solutions.

For his part, Dr. Jack Lau commented: “At the heart of our mission is the commitment to foster innovation that contributes towards the advancement of a vibrant technological ecosystem in Qatar. We are delighted to establish this collaboration with UDC - a distinguished leader in the real estate sector - to expand our efforts and collectively explore opportunities to advance technological research and development, hi-tech skills building, and the implementation of innovative solutions that will contribute to the growth of smart cities and communities. We look forward to our joint work in promoting smart technologies for a more sustainable environment for all.”

As part of the MoU, UDC and QSTP will focus on delivering sustainable, high-tech solutions that will be implemented across both The Pearl and Gewan Islands. These solutions will include smart energy management, waste reduction systems, and advanced digital infrastructure aimed at enhancing operational efficiency and environmental sustainability.

The collaboration is expected to bring about tangible benefits for investors and residents alike, offering advanced amenities, improved resource management, and a modern, eco-friendly living experience. The integration of these technologies will also create new investment opportunities for businesses looking to engage in sustainable urban development.

The MoU reflects UDC's commitment to innovation and sustainability, aligning with Qatar’s Vision 2030 to foster a knowledge-based, environmentally conscious economy.

About UDC: United Development Company (UDC) is one of Qatar’s leading public shareholding companies and the master developer of The Pearl and Gewan Islands. UDC aims to set new standards for sustainable and smart city developments, providing a premium lifestyle experience for residents and investors.

About QSTP: Qatar Science & Technology Park (QSTP) is a member of Qatar Foundation and serves as an innovation hub, fostering research, development, and the commercialization of technology. QSTP plays a vital role in Qatar’s transition to a knowledge-based economy by supporting technological advancements across various sectors.