Qatar  | عربي

Doha, 21 September, 2013 – Qatar National Bank (QNB), the World’s Strongest Bank, has signed a 10 year loan facility agreement with the United Development Company (UDC), one of Qatar’s leading and most recognized public shareholding companies and the master developer behind The Pearl-Qatar. Loan amount of QR 1.548.000.000 (one billion five hundred forty eight million Qatari Riyals) has been granted for the purpose of financing the purchase of the remaining residential units at Qanat Quartier in the Pearl-Qatar Island.
United Development Company (UDC), is a leading Qatari shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Companies recently established under the umbrella of United Development Company are: Madinainova, Resorts and Leisure Company and The Pearl Owners Corporation.
The Pearl-Qatar is an artificial island which spans almost 4 million square meters of reclaimed land. The island is set approximately 400 meters off the shore of West Bay Lagoon and is a mixed-use residential, retail and hospitality development, offering luxury life styles and living conditions for residents and visitors alike.
QNB’s principle aim is to help Qatar reach its potential, as QNB continues to play a leading role in investing and supporting the Qatari people to go forward with confidence, optimism and determination.

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