Trump hails Qatar projects
Doha, April 21, 2008
Donald Trump, one of the world’s most famous property developers, Manhattan real estate mogul, entrepreneur, and TV celebrity, has lauded both Qatar’s booming economy and its exciting investment opportunities.
The impeccably dressed native New Yorker, who presides over a vast real estate empire with assets in the billions of dollars, was especially awed by The Pearl-Qatar, the largest real estate development in Qatar and one of the most lavishly designed in the world.
Trump, president of the celebrated Trump Organization, a massive US-based real estate empire, which includes scores of New York City skyscrapers, as well as resort hotels in Miami and casinos in Atlantic City and Las Vegas, made an unofficial visit to the island, together with his daughter and two sons.
The tycoon was warmly welcomed by executives from United Development Company (UDC), owner and developer of the QR55 billion ($15 billion) The Pearl-Qatar.
Trump was quick to commend the developers of The Pearl-Qatar for what he called 'an absolutely spectacular project.”
He peppered UDC executives with questions during an hour-long boat tour around the island, about the scale of The Pearl-Qatar, its unique facilities and its construction schedule.
Trump, who was voted by the editors of BusinessWeek magazine as one of the top ten most competitive businesspeople on the entire planet, has expressed keen interest in exploring opportunities still available on the island.
Describing the quay walls along the shores of the Island, Trump said: 'They really did a good job here… it’s a fantastic job.'
During his tour around The Oyster, the marketing center for The Pearl-Qatar, Trump received an extensive presentation, which covered all aspects of the prestigious development, which will soon be home to over 41,000 local and international residents.
Aside from the residential facilities there will be three marinas, with over a 1,000 berths for private yachts, three five-star hotels, plus a host of international brand name retail outlets.
'The Island has increasingly been attracting investment interest from around the world”, said Salim Abdul-Rahim, general manager of sales, “and this visit by Donald Trump is yet another example of the growing reputation worldwide of UDC and its flagship project, The Pearl-Qatar!”-TradeArabia News Service