ABU DHABI / WAM
Masdar City in Abu Dhabi, one of the worldâ€™s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for R&D and the commercialisation of clean technologies.
â€œAround 35% of the planned built-up area will be completed over the next five years â€“ up from 5% today â€“ and nearly 30% has been committed to, including private homes, schools, hotels and more office space,â€ said Anthony Mallows, Executive Director of Masdar City, adding that all available space within its existing buildings, and those under construction, is fully leased.
â€œMasdar Cityâ€™s expansion is gathering pace because today we are recognised as an innovation ecosystem â€“ a hub for R&D, technology, human capital building, business opportunity and investment.â€
Plans for a purpose-built community serving the Middle Eastâ€™s first dedicated R&D cluster integrated with a world-class research institute will be unveiled at Cityscape Abu Dhabi, the property exhibition and conference taking place from April 12-14. Besides 2,000 residential apartments, the concept involves developing restaurants, cafes, a premium school and green open spaces within walking distance of a number of Masdar Cityâ€™s flagship R&D and pilot facilities, which include ground-breaking projects in solar energy, energy storage, green building and urban sustainability.