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ABU DHABI / WAM
Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, is widely associated with the Masdar Institute of Science and Technology, the world’s first graduate-level university focussing on advanced energy and sustainable technologies.
With the successful evolution of its business Free Zone and Investment Zone, the development is also increasingly associated with Abu Dhabi’s emerging private sector and diversifying economy. As part of its expansion plan, Masdar City aims to grow its tenant base nearly four-fold by 2020, and to expand the net leasable area available within the Free Zone by around a third (32 percent) every year over the next four years.
“Masdar City’s transparent and business friendly regulations, strategic location next to Abu Dhabi International Airport, and unique positioning as an ‘innovation ecosystem’ providing access to education, R&D, clean technology and human capital are an attractive proposition to both public and private sector organisations looking to set up in Abu Dhabi and the region,†Ahmed Baghoum, Director of Masdar Free Zone said. “Masdar City today is a liveable city supported by its own mixed-use community, an additional incentive for businesses entering or expanding their presence in the Middle East & North Africa,†he added.
Around 35 percent of Masdar City’s planned built-up area will be completed within the next five years, and all existing buildings and those under construction are fully leased.