United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to the growth of the State of Qatar and providing good shareholder value. Established in 1999, the Company was first listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 20 billion as at 31 December 2021. From day one, the Company actively contributing in the development of the State of Qatar, rapidly evolving into a leading Qatari public shareholding company and has successfully established a group of various good performing investments. Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of specific experience including detailed knowledge of real-estate development, property management, hospitality and maritime, infrastructure and utilities. As part of its five-year business plan, UDC is leveraging its leading market position to achieve sustainable financial performance and maintain profitability targets by focusing on the core business activities and investing in new and viable real estate developments. UDC’s flagship project is The Pearl Island, an urban mixed-use development. Located 350 meters offshore of Doha’s prestigious West Bay District, The Pearl Island is one of the largest real-estate developments in the Gulf. UDC is also in the process of developing Gewan Island located adjacent to The Pearl Island, into the Company’s latest world class residential, commercial and entertainment project. This development has the potential of becoming a magnificent destination that will maintain UDC’s future growth. As an organization established to play a key role in the development of Qatar, United Development Company’s (UDC) business practices are closely aligned with the wider goals of sustainable economic and social development that the State of Qatar has set forth in its vision for 2030. Accordingly, the Company employs the highest standards of corporate social responsibility across its entire portfolio of activities and investments. These standards cover the welfare of its employees, the environmental consequences of its activities, community services and volunteer work as well as responsible and transparent corporate governance, based on the following guidelines: Corporate: Making choices that will sustain the businesses for the long term. Social: Acting in ways that respect people and protect the environment. Responsibility: Expressing character through words and demonstrating character through actions United Development Company takes its social responsibilities very seriously and fully recognizes the importance of good citizenship, active community participation, sound environmental policies and strong corporate governance to foster transparency and accountability throughout its organization while maintaining a socially responsible and effective corporate culture. VISION AND MISSION United Development Company (UDC) is to be the first choice listed company in Qatar through creating sustainable shareholder value. UDC will commit to its growth strategy, and continue to be a benchmark in real-estate development and community management in the Middle East. CORE VALUES United Development Company (UDC) has been established on a set of strategic values to ensure sustainable growth. In all its business activities, the company is commited to: • Create sustainable competitive advantage within the market • Apply best practices to deliver the best quality results • Deploy innovative products and processes to maximize the benefits of the available technology • Uphold honesty and integrity in the business relationships, retaining the trust and respect between all parties • Transparency practice, applying governance principles and promoting an environmental profile that offers tangible benefits to the community • Provide an inspiring workplace for both Qatari nationals and expatriates Firm Profile CEO Today Mi dd l e Ea s t Award s 2022 - QATAR - - 53 -
RkJQdWJsaXNoZXIy Mjk3Mzkz