Al-Khaleeji Commercial Bank, Commercial Bank of Qatar, Mashreqbank, Union National Bank, Arab African International Bank and International Bank of Qatar have all been appointed underwriters and lead arrangers.

Al-Khaleeji and Standard Chartered are acting as bookrunners on the deal.

UDC has created a subsidiary for the development, called Medina Centrale Company, which will hold the debt.

UDC is developing the entire Pearl-Qatar project, which is expected to be completed by 2010.