United Development Company nets two major awards

Press release
Published May 6th, 2015 - 04:58 GMT

Al Bawaba
Al Bawaba

United Development Company (UDC), a leading Qatari development and investment firm and master developer of The Pearl-Qatar took home two accolades this week at the Qatar Achievement on Vocational Safety, and Qatar Labor Rights Protection Conferences, held on April 28 and May 3 respectively. 

While UDC received Sunday the “Labor Rights Protection Shield” at the Labor Rights Protection Conference, an award recognizing organizations which have successfully implemented fair, work-friendly practices and standards throughout their domain of operations, it had also received a few days earlier a safety award during a conference held to release the “Qatar Achievement on Vocational Safety” Book in collaboration with Qatar Chamber of Commerce. 

Abdullatif Ali Al-Yafei, Chief Corporate Development Officer at UDC, who represented the Company in both events along with other senior UDC executives, said that the achievements were clearly in recognition of  United Development Company’s commitment to safety as well as the protection of labor rights in the workplace. 

“Qatar is a truly unique country where safety and labor protection rights are expected of all companies engaged in business and development operations in the country,” Al-Yafei said. “UDC is proud to take the lead as a safety conscientious employer that treats labors fairly and justly while it contributes to the development of this great nation. Winning awards such as these is a validation that we are on the right path.”

United Development Company plays a key role in the country’s development while maintaining strict safety and health standards. The Company employs a highly-trained and experienced health and safety team using the latest technology and applying the highest standards and procedures in regulating working conditions. Subsidiary operations and construction sites are regularly monitored through inspections, audits and site visits conducted by the company’s Health, Safey and Environment (HSE) Department.

It is worth mentioning that UDC’s business practices are closely aligned to the wider goals of sustainable economic and social development in the country set by Qatar’s National Vision 2030, as UDC mainstreams corporate social responsibility and corporate governance across its entire portfolio. 

Background Information

United Development Company

United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Established in 1999, the Company was first listed on the Qatar Exchange in June of 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 18.3 billion at 31 March 2019.

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