United Development Company (UDC)
Rank: 21
Sector: Real Estate & Construction
Date of establishment: 1999
Market value : $1.6 billion
Name: Ibrahim Jassim Al-Othman Fakhro
Designation: President and CEO
UDC’s flagship project is The Pearl Qatar, located 350 meters offshore of Doha’s West Bay District. UDC is also in the process of developing Gewan Island adjacent to The Pearl Qatar. UDC has developed projects such as Al Mutahidah Towers, Porto Arabia, and UDC Tower. Corinthia Yacht Club, which is currently under development, will span 2,232 square meters. The company recorded revenues of $443.6 million in the first nine months of 2021.