tag

Legal PerspectiveThe duties of the directors and officers in companies, are governed by the provisions of the company law, the articles and memorandum of association of the company and, moreover, the corporate governance rules. Herein, we mention that, the directors of the company and the officers are to be taken as agents of the company. However, always, the directors share with the officers the same fiduciary duties that an agent owes the principal. The recent trend, in the corporate transactions, has been to raise the standard of conduct required of directors and officers.There are fiduciary duties that the officers and the directors owe to their company including, the duty to act within one’s authority and within the powers of the company as mentioned in its activities. And, there is also the duty to act diligently and with due care in conducting the affairs of the company. Moreover, the duty is also act with loyalty and good faith for the benefit of the company.Directors and officers must act within the authority given to them by the company, by the law, the articles, and the related bylaws. The directors and or the officers may be liable to the company if it is damaged by an act exceeding their authority or if they act outside of the scope of the corporation’s authority.However, if they enter an “ultra vires” transaction, justifiably believing it to be within the scope of the company’s business, they are not held liable. Like any principal, a company may ratify an unauthorised act by its directors and officers or other agents. This may be done through a resolution of the board of directors or of the shareholders. It may also be implied from acceptance of benefits from the unauthorised act. Ratification, when it occurs, releases the directors or the officers from any liability to the company and binds the company as if the act originally had been authorised.The company, as a legal juristic person, can’t take actions by itself nor is it able to do such work. Simply, it is impossible. Therefore, this role is vested, by law, on the directors and officers of the company who step into the shoes of the company and take its role on its behalf.However, the law provides that, the directors and the officers shall perform their duties within the required parameters of the law, in addition, to the customary regular practices in the same field. Attention, professionalism and wisdom are all required from the directors and the officers in the company.Needless to say, that in case of any negligence or malpractice or fraudulent acts by any one, it will straight open the way for criminal and or civil litigation against the concerned. No doubt, all directors or officers in all companies, should excel in performing their duties to achieve best results for themselves, their companies and the whole society. This is what we are all looking for and anticipating from such honest and high calibre personnel. Dr AbdelGadir Warsama Ghalib is a corporate legal counsel. Email: [email protected]

Qatari Diar Real Estate Investment Company signed an investment partnership agreement with Egypt's New Urban Communities Authority to implement an integrated urban tourism project according to the highest international standards, in the Alam El Roum area on the North Coast of Matrouh Governorate.The project extends over an area of ​​around 4,900 acres and along 7.2km of Mediterranean beaches, with total investments estimated at more than $29.7bn.The signing ceremony was attended on the Egyptian side by Prime Minister Dr Mostafa Madbouly, Minister of Finance Dr Ahmed Kouchouk, and Minister of Housing, Utilities, and Urban Communities Sherif El Sherbini.On the Qatari side, it was attended by His Excellency Minister of Municipality and Chairman of the Board of Directors of Qatari Diar Abdullah bin Hamad bin Abdullah al- Attiyah, CEO of Qatari Diar Ali Mohammed al-Ali, and Chief Development and Project Delivery Officer — Asia and Africa at Qatari Diar, Sheikh Hamad bin Talal al-Thani.The project aims to transform Alam al-Roum into a comprehensive tourism and investment destination, encompassing residential, tourist, commercial, and service areas. It will feature upscale residential complexes and neighbourhoods, tourism and entertainment projects, open artificial lakes, golf courses, and a marina for yachts, including one international and two inland local marinas. The project will also include a complete infrastructure, such as a service free zone, electricity distribution and water desalination and treatment plants, hospitals, schools, universities, and several government offices.Stretching along a 7.2 km waterfront, the project is expected to be one of the largest development projects in the region and is anticipated to attract investments, boost economic growth, and create both direct and indirect job opportunities.The agreement includes a cash price of $3.5bn and an in-kind consideration of 396,000 square meters of built-up area, the sale of which is expected to generate revenues of at least $1.8 bn. In addition, 15 % of the project's profits will be allocated to the New Urban Communities Authority after the company recovers its full investment costs. These profits include the output of the company and its subsidiaries.The land use within the project is distributed as follows: residential land constitutes approximately 60 % of the total area, 15 % is allocated to service areas, and 25 % to roads, squares, and open green spaces. The project land will be delivered free of any encumbrances in two main phases and several sub-phases.In this context, Dr Mostafa Madbouly emphasised that this agreement represents a major investment partnership reflecting the depth of the fraternal relations between Egypt and Qatar. He said that it is an important step in strengthening economic and investment cooperation between the two countries, given the distinguished relationship between President Abdel Fattah al-Sisi and His Highness the Amir Sheikh Tamim bin Hamad al-Thani. He added that the partnership embodies the vision of both leaderships for integrated economic cooperation that contributes to supporting sustainable development and attracting high-quality investments to the Egyptian market.He noted the government's commitment to removing any obstacles facing investors and its keen interest in partnering with Qatar on this project, which is one of the largest Arab investments in the real estate and tourism development sector and reflects investor confidence in the Egyptian economy.For his part, HE Abdullah bin Hamad bin Abdullah al- Attiyah said that the project represents a strategic step toward enhancing the status of Egypt's North Coast as a comprehensive global destination, and embodies Qatar's commitment as a partner in supporting the Egyptian government's efforts to achieve sustainable development and year-round operation of coastal areas.The project represents one of the most prominent investment ventures in the region, with a total investment of approximately $29.7 bn, he said, noting that this is expected to provide more than 250,000 direct and indirect job opportunities.HE Minister of Municipality and Chairman of the Board of Directors of Qatari Diar added that the project also reflects Qatari Diar's confidence in the strength of the Egyptian economy and its belief in the value of investing in Egypt's unique geographical location.Speaking to Qatar News Agency following the signing of the deal, CEO of Qatari Diar Ali Mohammed al-Ali emphasized that the "Alam al-Roum" project represents a new step in developing luxury destinations in Egypt, as part of a series of strategic investments targeting high-value tourist destinations. He added that the project will be a landmark in the development of the North Coast and a global destination that will redefine tourism standards on the Mediterranean through development spanning more than 20mn square meters and boasting over 4,500 hotel rooms.He indicated that the project will be implemented by a special-purpose project company wholly owned by Qatari Diar, in coordination with the New Urban Communities Authority to ensure the design adheres to the highest international standards.

Qatar’s Ministry of Commerce and Industry (MoCI) achieved a major milestone by reducing the time required to establish a company in the country to two days.After a meeting chaired by HE the Minister of Commerce and Industry, Sheikh Faisal bin Thani bin Faisal al-Thani to review the performance of the Ministry of Commerce and Industry in the third quarter, MoCI noted, “The number of active commercial licences rose by 6.79%. Additionally, 4,631 new non-Qatari companies were established.” The meeting reviewed the key achievements of the third quarter and discussed detailed performance indicators across the ministry’s sectors and administrative units.Participants also examined existing challenges and proposed solutions to strengthen the implementation of plans and programmes, improve efficiency, and enhance institutional performance and service quality.The meeting was attended by HE the Undersecretary at the Ministry of Commerce and Industry, Mohammed bin Hassan al-Malki besides senior officials.MoCI said the Commercial Affairs Sector demonstrated significant progress across its key performance indicators. The number of new commercial registrations increased by 81.5% compared to the same period in 2024, while active main and subsidiary registrations grew by 18.1%.It said the ‘Single Window’ platform added five new electronic services in the third quarter, bringing the total to 13 since the beginning of 2025.It processed 72,500 transactions, 89% of which were submitted electronically, achieving a customer satisfaction rate of 94%.In the Industrial and Business Development Sector, the contribution of manufacturing industries to GDP reached QR13.44bn in the second quarter and QR26.84bn in the first half of 2025.During the third quarter, some 30 factories were evaluated under the Smart Industry Readiness Index.During the same period, the Ministry enhanced collaboration with the private sector to identify and address challenges, resolving 35% of reported issues.As many as 12 PPP projects were studied during the year—three more than in the previous quarter—while four new projects were launched and one awarded in the third quarter.The Consumer Affairs Sector also recorded “positive” results, MoCI said.The number of specialised licences issued increased by 30.87% compared to the third quarter of 2024, with the issuance period reduced to one day.Processing times for pricing requests of goods and services also decreased compared to previous quarters.The number of ration card beneficiaries rose by 2.61%, and the number of fodder distributors increased by 96.9% year-on-year.MoCI reviewed the safety levels and strategic reserves of essential commodities and fodder, and successfully resolved more than 8,000 consumer complaints.At the market monitoring level, MoCI conducted 73,747 inspection campaigns across all administrative units, underscoring its commitment to market regulation and consumer protection.The meeting highlighted several notable achievements, including the entry into force of the Trade and Economic Partnership Agreement between Qatar and Türkiye on August 1, aimed to reinforce mutual trade relations and ease investment restrictions. The Ministry also launched an electronic platform for public-private partnership (PPP) projects and introduced 20 new e-services spanning specialised licensing, market monitoring, competition protection, consumer protection, and combatting commercial fraud.During the third quarter, the Ministry rolled out the Single Window’s ‘Sharikati’ on mobile application, alongside a voluntary review programme for merger and acquisition projects. The Ministry also secured first place and received the Golden Award in the 11th National Cyber Drill.Other key developments included merging the land, sea and air freight activities under a single commercial registration, introducing a temporary commercial licence for service providers in the Sealine area, publishing the updated Industrial Sectors Directory, and issuing a comprehensive guide on trade name procedures.MoCI also organised the Public–Private Dialogue Forum, strengthened its strategic partnership with the Korean Intellectual Property Office, and exempted certain categories of citizens from fees for the issuance or replacement of ration cards.HE Sheikh Faisal emphasised the importance of maintaining a results-driven, efficiency-based approach, advancing digital transformation, and continuously improving services to enhance the competitiveness of national economy in line with the goals of Qatar National Vision 2030.

In observance of Breast Cancer Awareness Month, Qatar General Insurance & Reinsurance Company (QGIRCO) hosted a session for its employees.Organised by Qatar Cancer Society, the event featured an online presentation led by health educator Nour Makki. The session was designed to inform employees about the importance of early detection, preventive measures, and the latest advancements in breast cancer treatment. QGIRCO Group CEO Aimen Azara, expressed his pride in the awareness session.“Working in the insurance sector gives us a vantage point on the real impact of breast cancer, both personal and systemic. Through this session, we aim to not only enlighten but also foster a sense of solidarity and empowerment within our community.”The event was part of QGIRCO's Corporate Social Responsibility efforts, focused on enhancing its employees’ health and well-being, a statement added.

Following the “remarkable” success of the inaugural ACT Summit held in Dubai in May, Novo Nordisk Qatar, under Ebn Sina Medical Company hosted the second edition of ACT Summit (Advancing Cardio-Metabolic Treatment) in Doha on October 17 and 18.Ebn Sina is a subsidiary of Aamal Company.The two-day scientific summit gathered over 350 healthcare professionals specialised in obesity and diabetes management from more than 12 countries, including Qatar, other GCC countries, Pakistan, Iraq, and Kazakhstan.The event focused on addressing the pressing issues surrounding cardiovascular kidney metabolic complications of Type 2 diabetes and obesity, emphasising the importance of a multidisciplinary approach to enhance patient outcomes and improve long-term weight loss; glycaemic control and the complications of obesity and diabetes; and exploring the role that the semaglutide therapies may play in combating these diseases.Renowned healthcare Professionals from Qatar and worldwide including Germany; USA; Canada and Italy shared cutting-edge insights into emerging treatment strategies and the importance of continuity of care in obesity starting from adolescence to adulthood, clinical innovations, and new models of integrated care.Manvendra Singh, General Manager, Novo Nordisk Qatar, stated:“ACT Summit reinforces Novo Nordisk’s commitment to advancing cardio-metabolic education and empowering healthcare professionals with the latest scientific insights. Hosting this event in Doha reflects Qatar’s growing role as a regional hub for medical excellence and collaboration.“As Qatar and the region continue to face high rates of obesity, diabetes, and cardiovascular disease, ACT Summit is vital. Together, we are committed to strengthening the healthcare landscape and improving patient outcomes through innovative, science-driven solutions.Rashid al-Mansoori, CEO, Aamal Company added: “I am pleased to take part in this important summit and address a distinguished audience from the medical sector. We are proud that Aamal’s subsidiary Ebn Sina Medical, continues to partner with leading global innovators like Novo Nordisk.“The ACT Summit 2 demon-strates our shared dedication to elevating medical education and supporting Qatar’s vision of improving public health outcomes.”Throughout the two-day event, participants engaged in plenary discussions, case-based learning, and interactive workshops exploring the interconnection between obesity, diabetes, and cardio-renal complications.The summit concluded with a shared call to action — to advance integrated care and accelerate collaborative solutions to reduce the regional burden of cardio-metabolic diseases.

United Development Company (UDC) is placing digital transformation and sustainability at the heart of its development strategy, reinforcing its commitment to innovation and operational excellence.“Technology is not a support function at UDC – it is at the core of how we deliver value,” UDC president and CEO Yasser Salah al-Jaidah told Gulf Times in an exclusive interview on the occasion of the ‘Qatar Real Estate Forum’, which will run until October 14 at the Doha Exhibition and Convention Centre (DECC).He said, “From planning and construction to sales and community management, every stage of our operations is digitally enabled.” As the forum’s ‘Platinum Sponsor’, al-Jaidah stated that UDC is expected to highlight its smart infrastructure systems that optimise energy, water, and waste management, alongside advanced project management platforms that provide real-time oversight of delivery schedules and budgets.According to al-Jaidah, UDC has invested in digital platforms that make the investor and resident journey seamless. Virtual property tours and customer service apps already allow investors and residents to access information, complete transactions, and receive support from anywhere in the world, he noted.“At the same time, our customer relationship management systems capture preferences and interactions, enabling us to provide a more tailored and responsive experience. Looking ahead, we are moving towards a comprehensive digital listing platform that will feature full property availability on our mobile app and portal. It will be enriched with 3D maps, VR/AR-enabled walkthroughs, street views, and even live reservation capabilities,” al-Jaidah explained.Al-Jaidah further pointed out that these enhancements will empower both local and international buyers to explore and reserve properties without an onsite visit, reinforcing UDC’s commitment to accessibility, innovation, and customer-centric service.“Behind the scenes, our customer relationship management systems capture preferences and behaviours, enabling us to offer highly tailored solutions rather than one-size-fits-all interactions.“The result is a more empowered investor, faster decision-making, and enhanced customer experience that reflects the premium standard of our destinations. In essence, technology is helping us bridge geography, simplify choices, and strengthen trust,” he said.Asked about sustainable development and smart cities, al-Jaidah stated that UDC is integrating smart and sustainable city concepts into its current and future projects: “Sustainability and smart-city thinking are built into every stage of our projects. We are embedding efficient transport networks, renewable energy adoption, smart metering, and automated waste systems to reduce emissions and optimise resources.”He said, “On Gewan Island, energy-efficient building designs and smart infrastructure are reducing consumption, while The Pearl Island incorporates district-cooling networks, comprehensive recycling programmes, and pedestrian-friendly planning that promote greener, healthier lifestyles.“Our goal is clear: to deliver destinations that combine world-class luxury with environmental responsibility, ensuring residents and visitors experience communities that are sustainable, liveable, and inspiring.”Citing challenges that developers face when balancing luxury real estate with environmental responsibility, and how UDC is addressing this, al-Jaidah said: “The real challenge is the perception that luxury and sustainability are at odds. At UDC, we see them as complementary.”He added: “Our unique strength lies in delivering and operating luxury and exclusivity as cost-competitively as possible without ever compromising on quality. We achieve this by applying the classic framework of cost, quality, and delivery, ensuring that each project strikes the right balance that investors and residents can trust. This balance is what allows UDC to deliver destinations that are both aspirational and sustainable.”

Qatar Railways Company (Qatar Rail) has won the “Highly Commended Award”, under the “Worldwide Operator of the Year” category at the 2025 Global Light Rail Awards, for the second consecutive year.Representatives of Qatar Rail’s senior management team received the award during the ceremony in London, which saw the participation of major international companies operating in the field of light rail operation, maintenance, and management of light rail systems.This award reaffirms Qatar Rail’s commitment to delivering world-class and sustainable transport services, while also consolidating its position as a leading operator of advanced railway systems at both the regional and international levels.Engineer Abdulla Saif al-Sulaiti, the chief of service delivery at Qatar Rail, said: “Winning this award is a testament to the outstanding performance of the Qatar Rail’s networks, including the Doha Metro and Lusail Tram, which provide efficient mobility solutions that support advancing sustainability and urban development in Doha, Lusail, and their surrounding areas.”“The award also reflects the significant efforts made by the company to support an integrated and sustainable public transport system in the State of Qatar,” he said.Since its launch in May 2019, the Doha Metro has carried more than 250mn passengers, while Lusail Tram celebrated in early August the milestone of transporting more than 10mn passengers since the start of its operations in January 2022.On the sustainability front, the company recently received several prestigious local and international recognitions, including the Chartered Institution of Highways & Transportation Decarbonisation Award 2025 for its pioneering project “Regenerative Propulsion in the Doha Metro: Kinetic Energy to Electrical Energy".In addition, the Doha Metro's Administration, and ICC Building (B14) was awarded the Global Sustainability Assessment System Platinum Certificate for Sustainable Operations.In the field of occupational health and safety, Qatar Rail was recognised with the prestigious Royal Society for the Prevention of Accidents Gold Award for the year 2025.The Global Light Rail Awards, organised annually by the publishers of the international monthly magazine *Tramways and Urban Transit, is considered one of the most prominent awards in the public transport sector worldwide, celebrating innovation and excellence in the operation and development of railway systems.

United Development Company (UDC) is sharpening its strategic focus to bolster investor confidence and drive economic diversification in Qatar’s real estate sector, ahead of the third edition of the Qatar Real Estate Forum, scheduled on October 14-16 at the Doha Exhibition and Convention Centre (DECC).“We have refined our mission, vision, and value promise, not as a departure from our strengths, but as a necessary shift to align with the opportunities and challenges ahead. Investor confidence comes from knowing that a company is not only resilient today but also prepared for the future,” UDC President and CEO Yasser Salah al-Jaidah told Gulf Times in an exclusive interview.He said: “At UDC, we are applying our strategic choices to make that confidence tangible while delivering projects with consistency, diversifying our offerings to serve different market segments, and embedding sustainability and innovation into everything we do.”As the forum’s Platinum Sponsor, al-Jaidah emphasised that UDC is leveraging its strategic choices to deliver consistent project execution, diversify its offerings, and embed sustainability and innovation across its portfolio.“The message to investors is clear: UDC is future-ready,” al-Jaidah stressed, adding that the company is “building with long-term value in mind, and in doing so, reinforcing Qatar’s reputation as a stable and attractive real estate market, even in a shifting global economy.”Al-Jaidah emphasised Qatar’s political stability, sustained economic growth, and a clear legal framework that supports foreign ownership as key factors driving investment.“Within this landscape, The Pearl Island and Gewan Island have become more than real estate projects; they are destinations that embody Qatar’s ambition for world-class urban living,” he pointed out.He said, “What sets them apart is the combination of iconic architecture, premium lifestyle amenities, and state-of-the-art infrastructure, all anchored by an unrivalled waterfront setting. Investors are drawn not only to the strength of the assets, such as rental yields and long-term capital appreciation, but also to the quality of life these communities provide.“Ultimately, The Pearl and Gewan are proof of concept that in Qatar, investment in place-making can deliver both financial returns and vibrant, sustainable communities. That is the true appeal of investing with UDC.”Al-Jaidah underscored the importance of stakeholder collaboration in overcoming sector challenges: “Real estate is too complex to be solved in silos. At UDC, we work hand-in-hand with government agencies, financial institutions, contractors, and community representatives to ensure alignment from concept to completion.”He added that trust is built through transparent communication and consistent delivery. “We reinforce this with joint initiatives, regular engagement sessions, and shared performance metrics, so that stakeholders see themselves as partners in success, not just participants in a project,” he stressed.Speaking on market trends, al-Jaidah said Qatar’s luxury real estate segment remains “remarkably resilient,” where rents for premium apartments continue rising, particularly in prime districts like The Pearl and West Bay.Citing published data, al-Jaidah said residential sales are also seeing renewed momentum. “In Q1 2025, transaction volumes rose by 13.2% quarter-over-quarter, with sales values in areas such as The Pearl and Al Qassar jumping by over 50%,” he continued.He further said, “These trends reflect a growing appetite for mixed-use, sustainable, and tech-enabled living. In response, The Pearl Island and Gewan Island are positioned not just to keep pace with these shifts, but to lead them.”Asked about UDC’s strategic priorities for the next five years, and how the Qatar Real Estate Forum help advance those goals, al-Jaidah said: “At UDC, we are committed to creating inspiring destinations that provide lasting value and exceptional experiences. This is achieved through our focus on cost competitiveness, excellence and innovation, ensuring our projects meet and exceed stakeholder expectations.”He added: “The Qatar Real Estate Forum is an ideal platform to advance these goals. It allows us to engage directly with policymakers, investors, and peers, share our outlook for The Pearl Island and Gewan Island, and build partnerships that accelerate progress. For UDC, it’s about turning vision into action by creating destinations that not only inspire but also deliver lasting value for Qatar and beyond."

Al Mahhar Holding Company, a public shareholding company providing specialised services and products to the energy and infrastructure sectors, has been included in the FTSE Russell Global Equity Index Series, providing increased visibility to global institutional investors.Inclusion in the FTSE Russell indices marks an important milestone for Al Mahhar, reflecting the company’s alignment with international eligibility and free-float criteria."Inclusion in the FTSE Russell Global Equity Index Series is a recognition of Al Mahhar's progress as a listed company and our adherence to international standards of transparency and governance," said Fahad Alfardan, chairman of Al Mahhar Holding.It (the inclusion in FTSE) supports the company's visibility with international institutional investors and reflects the growing relevance of Qatari companies in global benchmarks, he said."As we continue to build on our strategy, we view this development as an important step in strengthening Al Mahhar's presence in the capital market," Alfardan said.Through its portfolio of operating companies, Al Mahhar Holding supports key national industries with technical expertise and integrated solutions that contribute to Qatar’s economic development.

Gulf Warehousing Company (GWC) has been ranked ninth regionally in the transport and logistics category on Forbes Middle East’s Sustainability Leaders 2025 list, which features 126 companies and institutions.This recognition highlights GWC’s role in promoting sustainable development practices and supporting environmental, social, and governance (ESG) initiatives across the region.GWC Group Managing Director Sheikh Abdulla bin Fahad bin Jassim bin Jaber al-Thani said: “We are proud to be recognised by Forbes Middle East for the third year in a row. This honour reflects our steadfast commitment to integrating ESG principles into our business model and highlights our ongoing efforts to provide sustainable logistics and supply chain solutions to our diverse clientele, in line with Qatar’s Third National Development Strategy, Qatar National Vision 2030, the National Environment and Climate Change Strategy, and the UN Sustainable Development Goals (SDGs).”GWC’s Group Acting CEO Matthew Kearns stated: “Sustainability is a cornerstone for driving positive change, promoting responsible practices, and contributing to development. We achieve this by leveraging our capabilities, investing in the communities where we operate, strengthening governance, protecting the environment, and managing risks effectively.”He added: “This recognition reaffirms our commitment to adopting responsible initiatives and taking a proactive approach to sustainability. It further strengthens GWC’s position as a leader in ESG practices, demonstrated through a wide range of initiatives such as beach clean-ups, tree planting, wastewater treatment, energy conservation and emissions reduction, paperless processes, vehicle route optimisation, reduce-reuse-recycle initiatives, and resource consumption optimisation.”GWC’s Biobin initiative processed nearly 100 tonnes of food waste from its sites last year, transforming close to 40 tonnes into premium, nutrient-rich compost – enough to cover the equivalent of 14 FIFA football pitches.As part of the initiative, the recycled compost is donated to local agricultural projects including Education City Micro Farm, a community garden run by agriculture company Hadiqa that offers educational workshops for children in Doha, teaching them about gardening to create a more self-sufficient future.Forbes Middle East highlighted that the company has reduced Scope-1 carbon emissions by 3% and Scope-2 emissions by 0.2% compared with 2023 levels in 2024 and recycled more than 162,000m³ of treated wastewater at GWC Bu Sulba Warehousing Park, achieving a 6% year-on-year reduction in water consumption in the same year.In 2024, GWC also recycled over 2,200 tons of waste, with a bold target of cutting waste by 20% by 2030. The company remains committed to minimising landfill dependency and promoting sustainable solutions.In September 2024, GWC joined the United Nations Global Compact (UNGC), the world’s largest voluntary corporate sustainability initiative, aligning itself with over 23,000 companies from some 166 countries worldwide committed to promoting responsible business practices and SDGs.

United Development Company (UDC) is positioning its development philosophy as a cornerstone for engaging in critical discussions at the third edition of the Qatar Real Estate Forum, which will be held on October 14-16 at the Doha Exhibition and Convention Centre (DECC).UDC president and CEO Yasser Salah al-Jaidah said the company’s role in the forum goes beyond showcasing its developments. “Our priority is to contribute strategic insights and proven practices that demonstrate how real estate can deliver lasting economic and social value,” al-Jaidah told Gulf Times in an exclusive interview.He noted that UDC, a Platinum Sponsor of this year’s forum, will share lessons from the company’s experience in sustainable development, smart infrastructure, and integrated community living, demonstrating how these principles are being embedded into new projects that support Qatar’s growth.“Equally important, through high-level discussions and bilateral engagements, we aim to help shape the dialogue into concrete outcomes, whether that is in the form of creating tangible investment opportunities, forging innovative partnerships, or offering practical insights that can help inform future policy directions. In this way, UDC directly supports the forum’s ambition to move from vision to measurable impact,” he emphasised.Asked how does UDC’s vision align with the strategic goals of the forum’s third edition, al-Jaidah explained that the company’s vision “is to be the regional leader in real estate development and management,” which is guided by UDC’s ‘Value Promise and Strategic Choices’ of putting customers and communities first, driving cost competitiveness, pursuing operational excellence, and advancing growth through innovation.He continued: “This aligns closely with the third edition of the Qatar Real Estate Forum, which is focused on reinforcing investor confidence and showcasing the strength and efficiency of Qatar’s real estate system. The forum’s emphasis on transparency, streamlined policies, and the integration of digital platforms mirrors our own commitment to operational excellence and innovation. And its role as a hub for public–private dialogue reflects our belief in trust-based partnerships that create long-term value.“Through developments like The Pearl Island and Gewan Island, we demonstrate how this vision translates into secure investments, vibrant communities, and resilient growth, outcomes that are directly in line with both the forum’s objectives and the pillars of Qatar National Vision 2030.”Al-Jaidah also underscored how UDC supports the Third National Development Strategy 2024–2030 and the broader goals of Qatar National Vision 2030, saying the company’s developments “are not merely real estate projects.”“They are transformative platforms that bring Qatar National Vision 2030’s pillars to life with economic diversification, social development, environmental sustainability, and human capital advancement. Within the framework of the Third National Development Strategy, we see our role as crafting destinations that attract investment, embody innovation, and elevate quality of life,” al-Jaidah explained.He added: “At The Pearl Island, we have set a global benchmark with the Largest Pneumatic Waste Management Network, while on Gewan Island’s Crystal Walk is one of the region’s largest outdoor air-conditioned retail promenades, an innovation that enhances comfort, elevates community experiences, and adds distinctive value for investors and residents alike. These initiatives reflect our ‘Customer and Community First’ approach, while reinforcing Qatar’s position as a hub for world-class living and investment opportunities.”

Es'hailSat, the Qatar Satellite Company, has signed joint cooperation and strategic partnership agreements with both Saudi Netlink and EgyptSat, separately, for the purpose of providing joint satellite services across both their customer base located in Saudi Arabia, Egypt and spread across the Middle East and North Africa region.In its statement, Es'hailSat said that these partnerships allow the customers of these companies to leverage the combined satellite services of the companies as well as the ground infrastructure that brings with it the latest technologies in satellite communications and VSAT technology."Es'hailSat is delighted to enter into this Memorandum of Understanding with Saudi Netlink that combines the satellite and ground segment strength of both companies in the best interest of all our customers," said President and CEO of Es'hailSat Ali bin Ahmed Al Kuwari.On signing the agreement with EgyptSat, Ali bin Ahmed Al Kuwari said, "We are witnessing a rapid growth of the economies in the Middle East and North Africa region, together with global sporting events, and this has led to growing demand from our commercial, government and defense customers." In order to best serve these and remain competitive in the global landscape, we welcome this partnership with EgyptSat and believe that when it comes to our satellite services, the whole will be greater than the sum of the parts.These partnerships stand to benefit a diverse set of customers across applications such as VSAT communications, enterprise connectivity, telecommunications, and other digital services.Both Saudi Netlink and EgyptSat will extend their cooperation with Es'hailSat into areas such as training, pricing, and collaborating with each other as preferred partners.Es'hailSat, the Qatar Satellite Company, incorporated in 2010, provides satellite, broadcast, teleport, and managed services. Strategically located in Doha, Qatar, its coverage extends across the Middle East and North Africa, delivering critical communication solutions to broadcasters, telecommunications providers, enterprises, and government entities.The two satellites, Es'hail-1 and Es'hail-2, are co-located at the 25.5°/26°E orbital position. Complementing this orbital infrastructure is a 50,000 sqm Tier-4 certified teleport facility, enabling the delivery of reliable, secure, and high-performance connectivity services.