Qatari developer UDC inks $203m financing deal
DOHA, October 1, 2015
Qatar's United Development Company has signed a financing deal to borrow QR738 million ($202.65 million) from Qatar National Bank and Commercial Bank of Qatar, the developer said on Thursday.
The money will be used to fund its Medina Centrale project, the company said in a bourse statement without elaborating.
Medina Centrale is part of The Pearl, a string of man-made islands in Doha.-Reuters