Exclusive supercar event chooses Pearl-Qatar to unveil new luxury car models

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Notes and media contacts

About The Pearl-Qatar:
The Pearl-Qatar is an offshore, Riviera-style man-made island in excess of QR50bn and one of the largest urban developments in Qatar, as well as the first to offer freehold and residential rights to international investors. The Pearl-Qatar's name and location, on a former pearl diving site, highlights the country's traditions, and strong historical and cultural ties to the sea. It is an island rediscovered. Located 350 meters offshore the country's capital, Doha's, prestigious West Bay District and 25 kilometers away from Doha International Airport, the Island offers an exclusive retreat with easy access to the capital's thriving community.

Spanning over approximately 4-million square meters of land, and 32 kilometers of new coastline, the Island will eventually be home to an upscale multicultural community of over 41,000 residents, and comprising 15,000 dwellings within 10 precincts when completed in 2012. The Island will also include five-star hotels, marinas, a yacht club, schools, restaurants and lifestyle amenities, and two million square feet of upscale retail space proffering some of the world's most renowned luxury brands.

The Pearl-Qatar is a smart investment that adds to the economic strength of the country with its offerings of full residency rights, freehold ownership, tailored payment schemes and a tax-free haven.

The Pearl-Qatar is being developed and promoted by United Development Company (UDC), one of Qatar's leading private sector shareholding companies.

About Commercialbank:
Commercialbank is the leading private sector and second largest commercial bank in Qatar, by total assets, shareholders' equity and market capitalization. Cb is a full service commercial bank and offers a complete range of retail banking, card services, wealth management, corporate banking, investment banking, Islamic banking, trade finance, and corporate internet banking services. Commercialbank also owns and operates exclusive Diners Club franchises in Qatar, Oman and Egypt. The bank's country wide network includes 26 full service branches, including 6 Al Safa Islamic branches, and 132 ATMs.

Commercialbank now ranks among the top 20 Arab banks by capital strength, and is one of the fastest growing banks in the economically vibrant GCC region. Cb has prime single A credit ratings from all the three globally recognized rating agencies - Moodys, Fitch and S&P. Cb is the first Qatari bank to list its Global Depository Receipts (GDRs) as well as its bonds on the London Stock Exchange.

Commercialbank is proud to have been the title sponsor of the Qatar Masters international golf tournament since 2006. It is committed to raising the profile of this event to scale new heights and put it on a par with other leading regional and international tournaments. The Commercialbank Qatar Masters, enjoys a global television audience of over 200 million people, and this is projected to grow as the scale and visibility of this event gain momentum.

Commercialbank is also the title sponsor of the Commercialbank MotoGP, giving the Bank involvement in two of the most prestigious sporting events in Qatar. We are committed to using sport to project Qatar's global appeal and use this sporting platform to project its heritage, culture and dynamic business environment on an international stage.

For more information, please contact:
Mira El-Baphe
Senior Media Relations Officer
Tel: +974-5970433
Fax: +974-4438971