Latest news with #QR68m
Zawya
25-04-2025
- Business
- Zawya
Qatar: Vegetable markets, Mahaseel sold over 37,000 tonnes of local vegetables in 2024
Doha, Qatar: Vegetable markets and Mahaseel sold over 37,000 tonnes of local vegetables in 2024, marking the huge success of the Ministry of Municipality's marketing programmes to encourage farmers to increase their produce. With the participation of 150 local farms, the vegetable markets sold 13,081 tonnes of local vegetables during the 2023-24 agricultural season, an increase of manifold compared to the 889 tonnes sold in the 2012-13 season when they were launched. This came in the 2024 annual report of the Ministry of Municipality, which reviews the most prominent achievements and qualitative projects in the implementation of the Ministry's strategy and Qatar National Vision 2030. Mahaseel for Marketing and Agriculture Services Company received 24,000 tonnes of vegetables worth QR68m from 199 local farms in 2024. Mahaseel aims to support local agricultural production and contribute to achieving self-sufficiency by marketing farmers' products and providing agricultural services under the supervision of the Ministry of Municipality. The company purchases vegetables through the pre-contracting (Daman) and daily contracting programmes. The Agricultural Affairs Department at the Ministry provides local farms with marketing platforms for agricultural produce, including five vegetable markets (yards for selling agricultural produce), two programmes at major commercial outlets, and Mahaseel for Marketing and Agriculture Services Company. Meanwhile, as many as 880 tonnes of dates were supplied in 2024, compared to 513 tonnes in 2006 under 'Dates Supply Programme'. The Ministry of Municipality, represented by the Department of Agricultural Affairs, supports local date production as part of its efforts to enhance food security and develop the agricultural sector. In 2006, the Ministry launched a project to purchase dates from farm owners to develop date production in Qatar. The Ministry provides agricultural support that focuses on developing farms and increasing their production by providing greenhouses, modern irrigation systems, hydroponics, production requirements such as seeds, fertilisers, pesticides, and packaging boxes, in addition to supporting the marketing and improving the quality of local agricultural products. Agricultural machinery and equipment are provided to farmers through three agricultural service centres - North Center in Zubarah, Central Center in Umm Salal, and the South Center in Al Shahaniya - according to land preparation, including ploughing and levelling. Agricultural inputs aim to provide production requirements for farmers, including seeds, fertilisers, pesticides, and vegetable marketing boxes for 400 farms. The total target number for the 2024/2025 agricultural season is 441 farms. The Ministry of Municipality encourages farmers to switch from traditional irrigation systems to a modern irrigation system to rationalise water consumption and increase the cultivated area. As many as 276 farms received a modern irrigation system during 2023, and 124 farms in 2024. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
24-04-2025
- Business
- Zawya
Qatar: UDC posts $18mln net profit and revenues of $186mln in Q1
Doha: United Development Company (UDC), one of Qatar's leading public shareholding companies and the master developer of The Pearl and Gewan Islands, announced its financial results for the first quarter of 2025. The Company reported a net profit of QR68m and revenues of QR679m. The net profit attributable to equity shareholders stood at QR72m, with basic earnings per share of QR0.020 UDC continues to implement a balanced financial approach focused on operational efficiency and sustainable value creation, through effective revenue and expense management while maintaining the high quality of its services and ongoing projects. Gewan Island marks a significant milestone in UDC's development journey, with major construction milestones completed. This includes the handover of the Crystal Residence apartments to owners, the launch of retail outlets, and the activation of Crystal Walkway, positioning the island as a prime destination for luxury living, tourism, and investment. Additionally, key landmarks are taking shape, including the upcoming Corinthia Gewan Island Hotel, set to become a signature hospitality destination in Qatar, and the island's golf course, which promises a world-class sporting experience. In a new international achievement, UDC earned three Guinness World Records, further cementing its global standing and commitment to innovation and excellence. These include: the largest outdoor air-conditioned shopping centre, the largest outdoor interactive lighting canopy, and the largest pneumatic waste collection system. These achievements highlight UDC's leadership in real estate development and sustainable solutions. On The Pearl Island, UDC continued to expand its hospitality and healthcare offerings, including the ongoing development of The Pearl International Hospital. The Company also maintained high residential and commercial occupancy rates and achieved continued growth in both sales and leasing activities. Retail and commercial spaces on The Pearl and Gewan Islands continue to attract strong interest from investors and major brands, contributing to the vibrancy of the local economy and affirming the appeal of UDC's developments as dynamic commercial hubs. Internationally, UDC actively promoted its diverse investment portfolio by participating in key global real estate events such as MIPIM in France and the International Migration & Property Expo in Hong Kong, as part of its broader strategy to attract foreign investment and enhance global collaboration. Reinforcing its commitment to sustainable social responsibility, UDC recently signed a strategic partnership with Dreama (the Orphans Care Center) to support the participation of Dreama's children in cultural and national events held on The Pearl and Gewan Islands. In the first quarter of 2025, UDC hosted several highly successful public events at The Pearl Island, including the Pearl Food Festival, Ramadan Bazaar, and Eid Bazaar. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
