UDC Wins International Finance Magazine Award

Doha, January 26 (QNA) - United Development Company (UDC), one of the leading Qatari public shareholding companies and the master developer of The Pearl-Qatar and Gewan Islands, has added another international accolade to its award tally. UDC has been named "Best Real Estate Development Company in Qatar" in 2018 by the prestigious London-based International Finance Magazine. The award recognizes companies with overall performance excellence in the residential and commercial properties, especially the companies that ensure and provide a relentlessly engaging and valuable experience for their customers. This award is the latest testament to the Company’s outstanding commitment to providing unrivaled customer services across the Island. Commenting on this achievement, UDCs President & Chief Executive Officer Ibrahim Jassim Al Othman said: "The award reflects UDCs remarkable position as one of the region’s leading real estate development companies, and its success in overcoming challenges and delivering unique, sustainable and integrated projects with a positive impact on the community. Al Othman added: "The evaluation of United Development Company was based on criteria such as product quality, service standards and consistency of service to ensure customer satisfaction. The evaluation process included review and assessment of the Company’s financial history, assets and growth potential". The award was presented to Abdulrahim Al Ibrahim, UDCs Executive Director Commercial, during a ceremony that took place at the Grand Hyatt Erawan hotel in Bangkok on January 25, 2019. The event brought together over 27 leading real estate development companies from around the world. Recently, UDC has been awarded the "Best Mixed-Use Development 2018 Award" at the 2018-2019 Arabian Property Awards, for developing The Pearl-Qatar, the company’s flagship real estate venture. UDC also won two awards from the Qatar Business Excellence Awards 2018, presented by MEA-Markets - one of the leading magazines to monitor major business developments in the Middle East and North Africa region which honors companies, departmental functions and individuals who are credited with advanced experience and specialization. UDC is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing strong shareholder value. Established in 1999, the company went on to be listed on the Qatar Stock Exchange in June 2003. UDCs current investment portfolio includes real estate development, property management, infrastructure and utilities, maritime related businesses and hospitality. (QNA)