Qatar's QNB, UDC agree $425m loan deal - Banking & Finance - ArabianBusiness.com:
"Qatar National Bank (QNB) has signed a 10 year QR1.548bn ($425m) loan facility agreement with United Development Company (UDC), the master developer behind The Pearl-Qatar in Doha.
The loan deal has been inked to finance the purchase of the remaining residential units at Qanat Quartier in the Pearl-Qatar Island, one of the ten precincts that make up the development, a statement said.
The Pearl-Qatar is an artificial island which spans almost 4 million sq m of reclaimed land."
'via Blog this'
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