Al-Muttahidah posts ₦115m profit
United Development Company, the primary developer of Pearl and Gizzen Islands in Qatar, announced its financial results for the first half of 2026, recording a net profit of 115 million Qatari riyals and revenues of 885 million riyals. The company is focused on implementing strategic projects to enhance the status of the two islands as premium residential and investment destinations. Handover works for the Perleta Gardens project, which includes 150 villas, have been completed in preparation for construction to begin in August. Additionally, efforts have been made to develop infrastructure, increase commercial activity, and boost rental income. Both islands have also seen a rise in visitor traffic, with an average of 2.15 million vehicles entering Pearl and 315,000 in Gizzen monthly, complemented by community events and initiatives aimed at stimulating the economy and promoting sustainability. The company remains committed to further developing projects, enhancing their attractiveness, and delivering sustainable returns to its shareholders.
Notice: This Is an AI-Generated Summary
Comments (0)