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Masdar city is the first city with clean-technology cluster located in what aims to be one of the world’s most sustainable urban developments powered by renewable energy. This city will eventually have a lot of companies, researchers, and academics from across the globe, creating an international hub for companies and organizations focused on renewable energy and clean technologies.
This city is aimed at current and future technologies which will be funded, researched, developed, tested and commercialized. The city is anchored by the Masdar Institute of Science and Technology – a graduate-level, research-driven institution that is collaborating with the Massachusetts Institute of Technology (MIT) to develop and offer courses focused on education and research in advanced energy solution, sustainable technologies and policy.
The Masdar is 6 sq-km city located near Abu Dhabi international Airport and 17 km from downtown Abu Dhabi. While clean technology is the driving force behind the cluster, Masdar City caters to a range of technology companies contributing to the field. The city provides its commercial population with a unique business environment that fosters innovation and provides a convenient gateway to enter the growing Gulf market, wider Middle East and nearby Asia.
The city will be home to many companies from Fortune 500 multinationals to start ups and the most cutting edge technology firms, bringing these businesses close to fast growing markets of Middle East North Africa and Asia. There will be several business benefits such as:
Special Economic Zone benefits are also received such as quick and easy one stop shop registration, government relations and fast track visa processing. Zero percent tariffs, taxes, no restrictions on capital movements and 100% foreign ownership.