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22-04-14

Qatar's United Development to sell land for USD398

(MENAFN) Qatar-based United Development Co announced that it agreed to sell 47 plots of land for around USD398 million, Arabian Business reported. The company said that the land will be sold to a "strategic partner" and will be transferred later this year. United Development reported a net profit increase of 7.5 percent in the third quarter of last year as profits hit USD157.1 million.