Qatar's inaugural Energy Masked Ball will be first entertainment event hosted on The Pearl-Qatar
- Qatar: Monday, February 26 - 2007 at 08:46
- PRESS RELEASE
The region's premier energy title, Reflex Publishing's Future Fuels Middle East, has teamed up with The Pearl-Qatar to host the inaugural Energy Masked Ball on March 22, 2007, which will be the first event ever held on United Development Company's (UDC) signature Qatar development.
"To set the tone for this night of wonder, guests will be welcomed at the luxurious Oyster and then lead through a tunnel to the spectacular outdoor setting on one of the Islands of The Pearl-Qatar. This year we are planning to bring a little bit of Venice to Doha with the venue recreating the charm of the enchanting Italian city, complete with Venetian styled walls, gondolas, walk ways, dancers and acrobats," said Eileen Michael, Group Publishing Director, Reflex Publishing.
Michael added that the Venetian theme has been chosen to highlight the upcoming launch of The Pearl-Qatar's Qanat Quartier and to further promote a tying together of East and West cultures by helping to cement a regional and international understanding of energy markets here in the Middle East.
The Pearl-Qatar is planning to launch Qanat Quartier this year and expects the Energy Masked Ball will provide an opportunity to showcase the facilities and features of The Oyster and The Pearl-Qatar.
"All of us at UDC and The Pearl-Qatar are tremendously thrilled to be hosting the inaugural Energy Masked Ball. It is fitting to have such a prestigious event take place at the Middle East's most prestigious address and we are proud to make this our first public event to be hosted by The Pearl-Qatar on site," said Roger Dagher, Chief Communication Officer of United Development Company.
The Energy Masked Ball will be opened with the presentation of the Future Fuels Alternative Energy Awards. The awards ceremony is designed to honor the region's alternative fuel innovators and leaders who have made a significant difference in their field of expertise.
"This is a first in many respects for Qatar, as this is the first Alternative Energy Awards, the first Energy Masked Ball and the first public event to be held at The Pearl-Qatar," Michael commented.
Michael explained that companies in Qatar have recognized the importance of this event for the energy and business community and as a result Future Fuels Middle East has been delighted to name United Development Company as the Platinum Sponsor and Tatweer Infrastructure as the event's Gold Sponsor. Other sponsors who have joined to support this first-time event include, Commercialbank, Shell, RasGas, bp, GAC, Manweir, Four Seasons, Al Ahli Bank, BMW and ExxonMobil.
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ABOUT REFLEX PUBLISHING:
Reflex Publishing is the most professional and credible energy publisher in the Middle East. The company publishes Pipeline magazine, the most internationally respected magazine for the Middle East's oil and gas industry. Pipeline has been providing timely and relevant news, features and analysis of the region's energy market since 1997.
Reflex is also the publisher of Future Fuels, a unique publication covering new energy sources, environment issues concerning our planet and the need to explore new fuels sources for generations to come.
For more information, call Reflex Publishing ME LLC on +971 4 391 0830
Or Action Qatar +0974 4655425
ABOUT THE PEARL-QATAR
The Pearl-Qatar is a multi-billion dollar offshore, Riviera-style man-made island, covering 985 acres of reclaimed land. It is Qatar's first international real estate venture, one of the largest real estate developments in the country and the first to offer freehold and residential rights to international investors. It will create over 30 kilometers of new coastline.
The Pearl-Qatar will eventually house 40,000 residents in an up-scale, multi-cultural residential community which will be a secure and exclusive island retreat bringing the ambience and lifestyle of the Mediterranean to the heart of Arabia.
The four-phase development comprises 11 distinct districts to be developed over five years. The Riviera Arabia themed districts will house three luxury hotels, three marinas, with combined mooring for over 700 boats, and more than 2 million square feet of luxury retail, recreation and restaurant space.
Built 350 meters offshore the West Bay Lagoon area of the country's capital, Doha, the Island will offer an exclusive retreat with easy access to the capital's thriving community.
The Pearl-Qatar is being developed and promoted by United Development Company (UDC), one of Qatar's leading private sector shareholding companies.
ABOUT UNITED DEVELOPMENT COMPANY (UDC)
United Development Company (UDC) is one of the country's leading public shareholding companies. UDC's mission is to identify and invest in long-term projects contributing to Qatar's growth and providing good shareholder value. The company was established in 1999 and has an authorized share capital of QR 1.072 billion (US $294 million), was listed on the Doha Securities Market in June 2003, and is a Gulf Business Top 100 company.
UDC's target areas of interest include: infrastructure, energy-intensive industries, downstream hydrocarbons, real estate, construction and environment-related businesses. UDC established the Qatar Dredging Company (QDC), a joint venture with the State of Qatar and Belgium's Dredging, Environmental & Marine Engineering NV, and formed Qatar Cool, a district cooling company, in partnership with Tabreed of the United Arab Emirates. UDC also partnered with Seef Limited, a joint venture with Qatar Petroleum, to develop a plant to produce linear alkyl benzene (LAB), which is the main feedstock for detergent manufacture. The plant started operations in 2006 with a production capacity of 100,000 tons a year. UDC has also invested in the Gulf Formaldehyde Company as a joint venture partner with Qatar Fertiliser Company (QAFCO) and other Qatari investors. Operations began in 2004.
In November 2005, United Development Company entered into a new joint venture with BESIX NV of Belgium to establish a ready-mix concrete facility, with shareholding split between UDC (32%) and BESIX NV (49%). The remaining shares were acquired by local Qatari investors. Production began in June 2006. On May 31, 2006 UDC entered into a partnership with a Turkish biological wastewater treatment company (Millenya Inc.). Under the terms of this partnership, UDC acquired 60% of Millenya's equity.
United Development Company's latest business partnership was signed on November 28, 2006 when the company concluded a joint venture agreement with Spain's Ronautica S.A. The agreement will see the establishment of Ronautica-Middle East, a Marina Operations and Management Company. UDC will hold a 60 percent stake while Ronautica S.A. will hold the remaining 40 percent in the new firm.
UDC's founders, who at launch held 45% of the shares, are among Qatar's most successful investors and developers. A large number of Qatari and GCC investors are shareholders in UDC.
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