United Development Company (UDC), one of Qatar’s leading private sector shareholding companies, reported a net profit of $35 million (QR 127 million) for the first half of 2007.

UDC is one of Qatar’s premier developers. It has established successful strategic partnerships with major companies and is currently a regional leader in a broad range of industries, including construction, real estate development, petrochemicals, district cooling, land reclamation, wastewater treatment solutions, as well as management and operation of first-class marinas.
UDC is also the owner and developer of The Pearl-Qatar, a multi-billion US dollar man-made island, spanning nearly 4 million sq m. The Pearl-Qatar is the country’s first international real estate venture.
The company is one of several that are capitalising on Qatar’s ongoing economic boom.