United Development Co. announced it has signed agreement of real estate banking facility agreement for the development of Gewan Island Hotel with Qatar National Bank for amount of QAR 782 million: The objective to be achieved is providing real estate banking facilities obtained from Qatar national Bank; The value of the facility is QAR 782 million; The method of payment and the sources of financing is on installments over 12 years; There is no negative impact on UDC financial position due to the completion of this process; The advantage is to provide real estate banking facilities.