United Development Company (UDC), master developer of The Pearl-Qatar, has appointed Ibrahim Al-Othman as the new chief executive of the company.
Al Othman’s appointment follows the March 2014 announcement the chairman that an appointment would be made within “two to three months’ time”. The appointment has been approved by the board of directors, said a statement from the Qatari firm.
With over 25 years of experience in the oil industry, working for national, international and oil service companies, Al Othman holds a B.Sc. in Petroleum Engineering from the University of Southern California and an MBA in Business Administration from the American University of Beirut.
He has chaired various strategy-inclined committees and has also represented Qatar Petroleum (QP) as director on the boards of numerous joint venture companies.
UDC chairman and managing director Turki Al Khater said: “Al Othman is a perfect fit to lead the company. He is a CEO who will capably lead us forward by ensuring the company remains results oriented and focused on delivering for our shareholders, clients, residents and employees.
“For six years, he had led Gulf Drilling International (GDI) as their CEO, and during this time he has proved to be an outstanding leader who has made a direct impact on the Company’s bottom line,” he added.
On his appointment, Al Othman said: “UDC, with its reputation as one of the leading Qatari shareholding companies and its diversified portfolio of excellent businesses and developments, particularly The Pearl-Qatar, is well-positioned locally and globally, and I look forward to many years of productive team work there.”
UDC, which joined Qatar Stock Exchange in 2003, has since seen impressive market growth, developing into an urban developer and joint venture partner, successfully establishing several companies and ventures.
The various subsidiaries and partnerships under UDC’s umbrella include Qatar Cool, United Facilities Management Company and United Technology Solutions, besides others.
