Tuesday, October 30, 2007

Masdar City Phase One, scheduled for completion by 2010

The Chief Executive of Masdar has announced that the first phase of the proposed six square kilometer development, Masdar City, will be ready by 2010.

masdar city dubai
The Chief Executive of Masdar, Sultan Al Jaber, mentioned that Masdar City, located adjacent to Abu Dhabi Airport will be complete towards the fourth quarter of 2009. He said that the Masdar Special Free Zone (SFZ) will promote the synergy between research facilities, academic resources, family businesses, the financial community and entrepreneurs.

The zone will have upto 1500 companies with attractive incentive packages, transparent laws, a one-stop-shop programme, tax-free environment, 100 percent foreign ownership and intellectual property protection. The zone has the added advantage of being located close to suppliers, manufacturers and markets.

Masdar is designed to ensure that Abu Dhabi grows its own share of global energy market by fostering the development and commercialization of innovative and advanced technologies in alternative, renewable and sustainable energies for a safer, cleaner environment and future.

1 comment:

Anonymous said...

As Phase One nears competetion willthere be residential apartmetns for lease?