Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

UNITED DEVELOPMENT COMPANY Q.P.S.C.

(UDCD)
  Report
End-of-day quote Qatar Exchange  -  2022-11-29
1.389 QAR   -0.07%
11/22United Development Q P S C : The Minister of Sports & Youth inaugurates Corinthia Golf Club UDC's most recent development at Gewan Island
PU
11/12United Development Q P S C : The Pearl Island Gets Ready to Welcome the World Cup New landmarks, services and events to attract the largest number of visitors
PU
10/25Transcript : United Development Company Q.P.S.C., Q3 2022 Earnings Call, Oct 25, 2022
CI
SummaryQuotesChartsNewsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news
Days
:
Hours
:
Minutes
:
Seconds

United Development Q P S C : UDC Tower first project in The Pearl Island to receive GSAS Operations Certificate

08/28/2022 | 08:11am EST
Al-Othman: "This certification is a step closer to achieving operational excellence of which environmental sustainability is an inherent component"

Doha, Qatar - August 28, 2022: United Development Company (UDC) a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, received the Global Sustainability Assessment System (GSAS) Operations Certificate in GOLD rating for its headquarters, UDC Tower.

This makes it the first building in The Pearl Island, to receive this top regional sustainability ranking from the Gulf Organisation for Research & Development (GORD), for meeting sustainability and environmental best standards. At the same time, it is the first GSAS-certified project to demonstrate full indoor air quality compliance which qualifies it as a healthy building.

Commenting on this achievement, Mr. Ibrahim Jassim Al-Othman, UDC President, CEO and Member of The Board, said, "UDC has been making diligent efforts to minimize our impact on the environment by reducing the average carbon footprint per employee as well as energy-related greenhouse gas emissions. This certification is therefore a step closer to achieving operational excellence, of which environmental sustainability is an inherent component. We finally hope this important milestone will contribute to making our business more sustainable, as we actively seek to continue improving our sustainability performance and rating."

Reflecting on UDC's efforts, Dr. Yousef Alhorr, Founding Chairman of GORD, said, "UDC's commitment to environmental excellence has been evident from the outset. Housing the largest district cooling plant in the world, The Pearl Island has already set a precedent in sustainable building practices and energy optimization. By receiving GSAS Operations, UDC is now pushing the limit to further reverse the effects of climate change resulting from our urban developments. We congratulate UDC for achieving GSAS GOLD rating and hope to see more projects benefiting from the GSAS framework."

Located in The Pearl Island's Abraj Quartier precinct which consists of seven towers, UDC Tower covers a built-up area of 114,740 sqm and is one of the two gateway towers strategically positioned to make an iconic entrance to the Island. Upon completing necessary audits by sustainability experts from GSAS Trust, the project attained GSAS-OP GOLD rating, signifying that it meets GSAS' stringent standards to minimize the carbon emissions resulting from building operations.

Being one of the tallest structures in The Pearl Island, the 42-storey building is a high-end office complex equipped with state-of-the-art amenities that include a health club, restaurants and eight-floor podium parking space connected to the tower. To ensure sustainable operations across these facilities, the project benefits from district cooling technology which compared to conventional cooling, delivers significant energy savings.

UDC's efforts towards climate action extend beyond the scope of its recently certified headquarters. As part of its corporate commitment, UDC has implemented company-wide measures aimed at environmental protection. For instance, all projects managed and operated by UDC are equipped with ecofriendly technologies to minimize their energy footprint. Within the community, regular awareness campaigns are conducted to educate residents on ways to reduce their carbon footprint. Similarly, UDC has mechanisms in place to ensure waste segregation at source while also promoting recycling and environmentally friendly processes and packaging.

Following the successful GSAS certification of UDC Tower, UDC has expressed plans to obtain GSAS-OP for more projects within The Pearl Island.

Disclaimer

UDC - United Development Company PSC published this content on 28 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2022 12:10:07 UTC.


ę Publicnow 2022
All news about UNITED DEVELOPMENT COMPANY Q.P.S.C.
11/22United Development Q P S C : The Minister of Sports & Youth inaugurates Corinthia Golf Clu..
PU
11/12United Development Q P S C : The Pearl Island Gets Ready to Welcome the World Cup New land..
PU
10/25Transcript : United Development Company Q.P.S.C., Q3 2022 Earnings Call, Oct ..
CI
10/20United Development Q P S C : Investor Relations Presentation Q3 2022
PU
10/19United Development Company Q.P.S.C. Reports Earnings Results for the Nine Months Ended ..
CI
10/19United Development Q P S C : Third Quarter Financial Statement 2022
PU
10/18United Development Q P S C : The Pearl Island Celebrates Qatar Sustainability Week with a ..
PU
09/15United Development Q P S C : UDC Signs MoU with Commercial Bank to Provide Financing Facil..
PU
08/28United Development Q P S C : UDC Tower first project in The Pearl Island to receive GSAS O..
PU
08/14United Development Q P S C : Semi Annual Financial Statements 2022
PU
More news
Financials
Sales 2021 2 038 M 560 M 560 M
Net income 2021 326 M 89,5 M 89,5 M
Net Debt 2021 2 750 M 755 M 755 M
P/E ratio 2021 16,7x
Yield 2021 3,57%
Capitalization 4 918 M 1 351 M 1 351 M
EV / Sales 2020 6,68x
EV / Sales 2021 4,02x
Nbr of Employees -
Free-Float 56,5%
Chart UNITED DEVELOPMENT COMPANY Q.P.S.C.
Duration : Period :
United Development Company Q.P.S.C. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED DEVELOPMENT COMPANY Q.P.S.C.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Managers and Directors
Ibrahim Jassim Al-Othman President, Chief Executive Officer & Director
Karim Farhat Director-Financial & Business Planning
Maher Naeem Chief Financial Officer
Turki bin Mohamed Khalid Al-Khater Chairman
Talal Jondi Executive Director-Operations