Doha [Qatar], May 24: United Development Company (UDC), the master developer of the Pearl and Gewan Islands, has affirmed its commitment to continuing to implement its ambitious strategy, ensuring sustainable growth and maximising value for all stakeholders across all of the company's projects.
This came during the extraordinary general assembly meeting under the chairmanship of UDC Chairman Ahmed Bin Ali Al Hammadi. The board of directors approved amendments to the company's articles of association in accordance with the Corporate Governance Code issued under Qatar Financial Markets Authority (QFMA) Board Resolution No. (5) of 2025.
In this context, Al Hammadi said, "Strengthening governance is not simply a regulatory requirement, it is a reflection of how we build long-term trust in UDC and in the destinations we develop. As the master developer of The Pearl and Gewan Islands, our commitment to transparency, accountability, and sustainability directly shapes investor confidence and reinforces the credibility of our developments as stable, future-ready communities.
"The evolving regulatory framework in Qatar is a positive step forward, elevating market standards while safeguarding shareholder interests. For UDC, it provides an opportunity to further align our practices with international benchmarks, ensuring that our developments continue to attract discerning investors who value not only quality assets, but also strong governance and responsible growth."
For his part, UDC President and CEO Yasser Salah Al Jaidah said, "Our developments at The Pearl and Gewan Islands are not standalone real estate projects; they are fully integrated ecosystems designed to deliver enduring lifestyle and investment value."
Source: Qatar Tribune
