United Development Company (UDC) has secured a loan worth QAR 730mn ($200mn) to fund the construction of Al-Mutahidah Towers, an ambitious project within the companys flagship development, The Pearl-Qatar.
The agreement was signed on December 15, by UDC President & CEO Mr. Ibrahim Al-Othman, and Commercial Bank CEO Mr. Joseph Abraham.
This agreement supports UDC’s five-year business plan aimed at revitalising investments in new developments at The Pearl-Qatar.
Al-Mutahidah Towers consist of high-end connected towers offering 480 units of various dimensions including studios, luxury apartments as well as high-level penthouses and retail stores.
The project is expected to be completed in the fourth quarter of 2019.