The United Development Company (UDC) has been named "Developer of the Year" and its flagship project The Pearl-Qatar the "Residential Project of The Year" at the inaugural Construction Week awards held in Doha in September 2011. The dual awards are the latest peer and industry recognition for The Pearl-Qatar which is seen as one of the World’s most innovative and luxurious urban development projects, the company said in a statement Thursday. Accepting the award at the gala ceremony at Doha’s Four Seasons Hotel, The Pearl Qatar’s Technical Director Jerry Jackson said the awards were recognition of UDC’s and The Pearl-Qatar’s commitment to excellence and to creating world class residential and leisure developments. "This has been a great year for us as the project is developing at great speed and it has established itself as a premium destination for residential living as well as leisure activities," he said. "Over the past 12 months we have continued our path of growth, with two new towers opening in late 2010 and a string of high end retail stores and internationally known restaurants added to our repertoire. We are also very proud and excited about Qanat Quartier, our ‘Venetian Charm meets Arabian Chic’, and Medina Centrale ‘The Pearl-Qatar’s vibrant Heart’ precincts which will be launched in the next few months. The Pearl-Qatar is very much a part of the fabric of life in Qatar," he added. The inaugural Construction Week awards saw a total of 17 awards handed out across a range of individual, company and project categories which celebrated and recognized achievements in Qatar’s construction industry. Founded in 1999, the United Development Company (UDC) has been listed on the Qatar Exchange since June 2003 and is one of Qatar''s leading public shareholding companies. The UDC target areas of interest include: infrastructure and utilities, energy-intensive industries, hydrocarbon downstream manufacturing, real estate, urban development, maritime and environment-related businesses, hospitality, retail and fashion, information technology, media and communications, and insurance. Other operations include real estate brokering services, insurance agency services, e-payment protocol services, amongst others. The Pearl-Qatar is a unique and innovative urban development in Qatar. A masterpiece of private and modern living on an island spanning over 4 million square-meters of land, The Pearl-Qatar offers a tailored range of residential solutions to meet the highest of standards available in the Gulf. Furthermore The Pearl-Qatar plays host to the latest retail and hospitality offerings from the world''s leading brands and restaurants. Developed by the UDC, the island is located 350 meters offshore of Doha''s prestigious West Bay District and is one of the largest real-estate developments in the Gulf.