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Posted On: 18 December 2013 02:08 am
Updated On: 12 November 2020 02:13 pm

Pearl-Qatar developer appoints new acting CEO

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United Development Company (UDC), the master developer of the Pearl-Qatar island, said on Tuesday it has appointed a new acting CEO. The company, which reported a net profit of QR577.9m ($158.7m) in the third quarter of 2013, an increase of 7.5 percent, said in a statement that it has hired Badr Al-Meer to succeed Ebrahim M Al-Sulaiti, whose duties as CEO ended on Sunday. Al Meer has previously held senior position at the new Hamad International Airport and Qatar Airways. The Pearl-Qatar is an artificial island which spans almost 4 million sq m of reclaimed land. The island is set about 400 metres off the shore of West Bay Lagoon and is a mixed-use residential, retail and hospitality development, offering luxury lifestyles for residents and visitors. http://www.arabianbusiness.com/pearl-qatar-developer-appoints-new-acting-ceo-528133.html