A leading Qatari public shareholding company
Overview
United Development Company (UDC)
Incorporated: 1999
Ownership: Qatari Public Shareholding Company
Sector: Urban Development and Investments
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 19.6 billion on 31 December 2023.
From day one, the Company actively contributed to the development of the State of Qatar, rapidly evolving into a leading Qatari Public Shareholding Company and successfully establishing 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 experience and detailed knowledge in real estate development, property management, hospitality and maritime, district cooling, and infrastructure and utilities.
As part of its five-year business plan, 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 Island, an urban mixed-use, man-made island and 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 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.
Core Values
United Development Company (UDC) has been established on a set of strategic values to ensure sustainable growth.
IN ALL ITS BUSINESS ACTIVITIES, THE COMPANY IS COMMITTED TO:
Create sustainable competitive advantage within the market
Apply best practices to deliver the best quality results
Deploy innovative products and processes to maximize the benefits of the available technology
Uphold honesty and integrity in the business relationships, retaining the trust and respect between all parties
Transparency practice, applying governance principles and promoting an environmental profile that offers tangible benefits to the community
Provide an inspiring workplace for both Qatari nationals and expatriates
Vision and Mission
United Development Company (UDC) is to be the first choice listed company in Qatar through creating sustainable shareholder value.
UDC will commit to its growth strategy, and continue to be a benchmark in real-estate development and community management in the Middle East.
Quick Facts
AREAS OF EXPERTISE
UDC’s general business advantages include the following:
- UDC activities cover a multitude of vital investment sectors including real-estate development, property management, hospitality and maritime, infrastructure and utilities.
Awards and Certifications
Brochures
Board of Directors
Board Committees
Executive Committee
- H.E. Mr. Ahmed Ali Al-Hammadi Chairman
- H.E Sheikh Faisal bin Fahed Al-Thani
- Mr. Abdulaziz Mohammed Al-Mana
- Mr. Nasser Jaralla Al-Marri
- Mr. Ali Hussain Al-Fardan
- H.E. Abdullah Hamad Al-Attiyah
Audit Committee
- Mr. Hassan Abdulla Al-Hammadi Chairman
- Mr. Abdullah Hamad Al-Attiyah
- Mr. Abdulrahman Saad Al-Shathri
Governance Remuneration & Nominations Committee
- Mr. Ali Hussain Alfardan Chairman
- Mr. Abdulrahman Saad Al-Shathri
- Mr. Nasser Jaralla Al-Marri