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UDC inks $196m Pearl Qatar project deals
United Development Company (UDC) has announced the signing of three contracts, worth a total of 716 million Qatari riyals ($196.6m), to develop three new construction projects at The Pearl – Qatar.
The agreements will see UDC develop the Abraj Al Mutahidah Towers in Viva Bahriya, in addition to infrastructure in Giardino Village, and ten villas to be constructed in the latter precinct. Total investments in the projects are worth $329.5 million, UDC said in a statement.
These contracts are in alignment with UDC’s five-year business plan, which is aimed at revitalising investments in new infrastructural developments at The Pearl – Qatar. This includes modernising and expanding the road networks and enabling the residential locale to be prepared for the new urban plan set for the project.