Complex Made Simple

Pearl Qatar secures financing for shopping centre

The developer of the Pearl Qatar in Doha, United Development Co (UDC) has secured $214m in financing to complete a shopping centre on the man-made island, The National has reported. Pearl Qatar is a residential, retail and resort area covering 4 million square feet on a man-made island on Doha's West Bay. Arranged with Doha Bank, the loan is to be used for construction of retail space in Porto Arabia, the cluster of 31 residential towers around a 400-slip marina, UDC said.