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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:
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