Maldives Ministerial delegation eyes the Pearl-Qatar

The delegation comprised of Minister of Economic Development and Trade, Hon. Mohamed Jaleel, Minister of Finance and Treasury, Hon. Qasim Ibrahim, Minister of Construction and Public Infrastructure, Hon. Mohamed Mauroof Jameel, Executive Director of the Ministry of Finance and Treasury, Mr. Hamdhy Ageel, Deputy Minister of Economic Development and Trade, Mr. Abdulla Salih, and Assistant Director General of Foreign Investment Services Bureau Mr. Yusuf Riza.

"We have heard a lot about The Pearl-Qatar project," said Hon. Qasim Ibrahim, "and we wanted to meet the developers in order to discuss the structuring of the project, its development, as well as potential opportunities for investments in the Maldives."

The Ministers were welcomed by high officials from the United Development Company (UDC), owner and developer of The Pearl-Qatar.

Salim Abdul-Rahim, General Manager of Sales, guided the delegation around The Oyster—Sales and Marketing Center of The Pearl-Qatar—and gave extensive presentations of the prestigious development.

The state-of-the art facilities at The Oyster gave the delegates a comprehensive view of what The Pearl-Qatar will look like by 2011. Members of the delegation later said they were pleased to have been given this eye-opening tour of the Island.

"The Pearl-Qatar project is out of the world," said Minister Jaleel. "The way the villas and townhouses have been structured shows individualism and respect for privacy, two ideal lifestyles people are looking for."

Minister of Construction Jameel further added, "The diversity of the Island from high populated areas to more dispersed areas makes it a much better concept than comparable projects in the region."

The visit is one of regularly scheduled weekly tours extended to high-profile investors, government officials and business figures from around the world. The Qatari-based project has become a destination of choice and is seen as an attractive investment and business opportunity.

A jewel in the Arabian Gulf, the Island development is Qatar's first international real estate venture offering true freehold investment opportunities to international buyers.

"The Island has increasingly been attracting investment interest from around the world", said Abdul-Rahim, "and the delegation's visit is another example of the reputation UDC and its flagship project, The Pearl-Qatar, have gained in the past few years."

"We are very proud to host this visit and to have the opportunity to showcase our internationally acclaimed project that has become an icon in the Qatari economy and a place people will aspire to visit from all over the world," he concluded.