The multi-media presentation began with a video highlighting the huge scale of the project, while the detailed power-point presentation that followed focused on the amenities and retail services which will be available on the island.
Mr Hussam Ahmed, General Manager of Retail at The Pearl Qatar gave the presentation on behalf of the company and explained to the audience the significance of the multi-billion dollar project for Qatar and international retailers alike.
"This is one of the most special and unique projects of its kind in the whole Middle East. It symbolises Qatar's history, and is leading the path to Qatar's future," he said.
"We are creating a lifestyle and destination for residents and retailers on an island located in the heart of Doha, designed and constructed with superior quality and creativity," he told the audience.
The Pearl-Qatar is the gold sponsor for the four-day event which began on June 4 at the Dubai International Exhibition Centre.
Retail City brings together international retail property professionals to develop new joint ventures, exchange view, seek upcoming brands and look for investment opportunities.
By 2010, The Pearl-Qatar will be home to more than 40,000 residents and will host several 5-star hotels.
In addition, the island will also have over 2 million square feet of retail space and over 800 outlets to choose from.
The Pearl-Qatar is the one of the most prestigious and largest real estate projects in Qatar. It is also the only project offering true freehold investment opportunities.
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The Pearl-Qatar wows participants at Retail City exhibition
- United Arab Emirates: Monday, June 05 - 2006 at 11:09
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The Pearl-Qatar, the multi-billion dollar offshore island and one of the largest real estate developments in the country, was showcased during a dazzling presentation at the Retail City exhibition in Dubai today.
Potential customers visiting The Pearl-Qatar stand at Retail City.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, June 05 - 2006 at 11:09 UAE local time (GMT+4)
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ABOUT THE PEARL-QATAR
The Pearl-Qatar is a multibillion dollar offshore, Riviera-style man-made island, covering 985 acres of reclaimed land. It is Qatar's first international real estate venture, the largest real estate development 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's name and location, on a former pearl diving site, leverages the country's traditions, and strong historical and cultural ties to the sea - it is an island rediscovered.
The Pearl-Qatar will eventually house 42,000 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 10 distinct districts to be developed over five years, with the first investors expected to take up residency in late 2007. 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.
The Pearl-Qatar is being built 350 meters offshore the West Bay Lagoon area of the country's capital, Doha. While offering an exclusive retreat, the island will also be closely integrated with, and have 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 private sector shareholding companies with a mission 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 - 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 is also a partner in 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. The company's registration and management agreements are under finalization. Production is expected to begin in the first half of 2006. On May 31 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.
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.
For further information:
Roger Dagher
Chief Communication Officer
United Development Company (UDC)
Tel: +974 446 3406
Mobile: +974 589 4088
The Pearl-Qatar is a multibillion dollar offshore, Riviera-style man-made island, covering 985 acres of reclaimed land. It is Qatar's first international real estate venture, the largest real estate development 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's name and location, on a former pearl diving site, leverages the country's traditions, and strong historical and cultural ties to the sea - it is an island rediscovered.
The Pearl-Qatar will eventually house 42,000 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 10 distinct districts to be developed over five years, with the first investors expected to take up residency in late 2007. 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.
The Pearl-Qatar is being built 350 meters offshore the West Bay Lagoon area of the country's capital, Doha. While offering an exclusive retreat, the island will also be closely integrated with, and have 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 private sector shareholding companies with a mission 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 - 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 is also a partner in 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. The company's registration and management agreements are under finalization. Production is expected to begin in the first half of 2006. On May 31 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.
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.
For further information:
Roger Dagher
Chief Communication Officer
United Development Company (UDC)
Tel: +974 446 3406
Mobile: +974 589 4088
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