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Masdar City HQ to be the world's first positive energy building

Monday, March 03, 2008

The multi-billion dollar investment in Abu Dhabi, Masdar, involved in the development of innovative technologies in alternative, renewable and sustainable energies, and green design, has chosen Chicago architecture firm, Adrian Smith and Gordon Gill Architecture for designing its headquarters in Masdar City in Abu Dhabi. Masdar City in Abu Dhabi is the first zero-carbon and zero-waste real estate development, fully powered by renewable energy.

The headquarters will be the first large-scale, mixed-use 'positive energy' building in the world, producing more energy than it consumes. Apart from this, the Masdar City Headquarters in Abu Dhabi will have few other positives and benefits such as the following:

The City will be the lowest in energy consumption per square meter for a modern A class office building in an extremely hot and humid climate. It will feature the largest building-integrated photovoltaic arrays in the world. The building will employ the largest solar thermal driven cooling and de-humidification system, and will be the first building in history to generate power for its own assembly, though development of its solar roof pier before the underlying complex.
The CEO of Masdar, Dr. Sultan Al Jaber, said "In line with Abu Dhabi 2030 Development plan, Masdar emphasizes on sustainability over height. We hope and expect that this will begin a new direction for worldwide competition in sustainable design."

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posted by Exclusive Dubai, 3/03/2008 10:48:00 AM 0 Comments | Links to this post

Masdar City - the 'no-carbon' urban district

Thursday, February 14, 2008

Masdar, the State-controlled Abu Dhabi Future Energy, has announced it would cost $22billion to develop a "no-carbon" urban district, which it plans in the UAE.

The Masdar City, located on the edge of Abu Dhabi, will house 50,000 people and 1500 businesses on completion, although no cars will be allowed.

Masdar city UAE
The Masdar CEO, Sultan Al-Jaber, when speaking on the occasion of ground-breaking ceremony, told to the press, that Abu Dhabi, being the world's fifth largest oil exporter, will invest $4billion of equity in the project, and borrow some of the rest.

He added, that the company plans to monetize all carbon emission reductions, and such an innovative financing has never been applied on the scale of entire city. The license to emit the carbon, which Masdar City will not produce, will be sold, and the money will be utilized to fund the development.

Masdar City will be built in seven phases, including educational and research institutes, laboratories and production facilities for new advanced energy products. Masdar City will require a quarter of the typical power-generating capacity, needed for a small-size community. The water needs of the city will be 60% lesser, said the company.

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posted by Exclusive Dubai, 2/14/2008 09:01:00 AM 0 Comments | Links to this post

Masdar City Phase One, scheduled for completion by 2010

Tuesday, October 30, 2007

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

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.

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posted by Exclusive Dubai, 10/30/2007 09:12:00 AM 0 Comments | Links to this post