Qatar. Korea and Malaysia government officials tour The Pearl-Qatar

Qatar. Korea and Malaysia government officials tour The Pearl-Qatar
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Tuesday, 29 May 2007



United Development Company (UDC), owner and developer of The Pearl-Qatar, the multi-billion dollar offshore island and one of the largest real estate developments in the country, hosted this week two top government delegations from Korea and Malaysia for an extensive project presentation and tour of The Pearl-Qatar, UDC officials said.

The glamorous island has increasingly been attracting investment interest from around the world and has welcomed in the past two months top American, Asian and European business leaders who expressed significant interest in the development.

The General Manager for Sales at The Pearl-Qatar, Salim Abdul-Rahim, and other top UDC executives led the tour on behalf of The Pearl-Qatar and UDC.

Salim Abdul-Rahim said the presentation and tour were a success and offered the guests great insight into the vision, design and reality of the island.

“The Pearl-Qatar is one of the most exciting and prestigious real estate projects in the Middle East. More and more people in the region and around the world see this, and are keen to learn further about this project,” Abdul-Rahim said.

“It was clear from the beginning that both delegations were very interested with The Pearl-Qatar and appreciated the quality, scope and sheer magnitude of the development,” he added.

The hi-tech facilities at The Oyster Sales and Marketing Centre located on the Island gave the delegates a dazzling and realistic view of what The Pearl-Qatar will look like.

Officials from the two delegations said they were honoured to have been given an extensive presentation and tour of the island and were amazed by the size and scope of The Pearl-Qatar.

“It was very impressive to see what UDC is doing with this development, and The Pearl-Qatar model at The Oyster Sales and Marketing Centre has to be the most amazing model I have ever seen,” said Korean Deputy Minister of Projects and Transportation, Shu Hee Lee, one of the top Korean officials visiting the Island.

The Malaysian delegation also expressed great enthusiasm towards the promising investment opportunities provided by the project, and stressed their interest in The Pearl-Qatar, which they regarded as strategic and vital economic target.

“We are increasingly welcoming more and more investors, government officials and business leaders from around the world who have heard about The Pearl-Qatar, and who want to see first hand the most glamorous address in the Middle East,” said Elie Jubran, Marketing and Communication Director at UDC.

Worthy to note, The Pearl-Qatar is also expecting another important visit from a high-level German delegation tomorrow, which additionally proves the great significance of this project in the international investment community.

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.

“Touring the Island and The Oyster-- the brand new 3,500 square meter Sales and Marketing Centre-- gives investors a one-stop destination to experience the facilities and services that The Pearl-Qatar is offering and see the project first-hand” Jubran added.

Located at The Pearl-Qatar itself, The Oyster provides excellent access and views of progress on the Island’s development.

During the two-year land reclamation process, 400 hectares of new land were created with a 32 kilometre shoreline, three coves, and navigable canals in addition to numerous other features.

Construction of The Pearl-Qatar has been racing ahead and can be viewed from Doha’s waterfront. The island will be home to approximately 40,000 residents by 2010

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 kilometres 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 12 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 800 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.