Ahmed Baqhoom, the CEO of “Masdar” City, mentioned that there are projects currently under design with an investment cost ranging between 3 to 4 billion dirhams, focusing on vital sectors such as energy, artificial intelligence, space, life sciences, and agriculture.
In his statements to the Emirates News Agency “WAM”, Baqhoom confirmed that the total value of the projects being constructed in the city is estimated at around a billion dirhams, including the Masdar City complex in addition to “The Link” project expected to be completed by 2025.
The Masdar City highlighted several recent quality projects, including the construction of the first zero-energy mosque in the region. The city aims to set a new standard in the worship sector in the area, with the mosque covering an area of 2349 square meters accommodating 1300 worshippers, producing 100% of its energy needs throughout the year using 1590 square meters of photovoltaic panels on-site.
It was noted the success of Masdar City in delivering the first commercial zero-energy building, planned to be leased to a partner. Furthermore, a new life sciences project is set to be launched in Abu Dhabi, with the completion of the Masdar City complex by the end of this year, including 50,000 square meters of commercial and office buildings, reflecting a commitment to sustainability that will see the Abu Dhabi Energy office transferred to the new building.
The CEO of Masdar City stressed the current focus on vital sectors like energy, artificial intelligence, space, life sciences, and agriculture. He pointed out that all these fields are of great importance to Abu Dhabi and the Emirates as a whole, working towards their support and development by attracting talent and companies.
Baqhoom mentioned ongoing discussions with foreign companies to establish research centers in Masdar City, as the city is a global hub for business and technology, providing a range of benefits and incentives for companies, including full foreign ownership privileges, income tax exemptions, and no restrictions on currency exchange.
He also highlighted that companies interested in investing in green technology and the renewable energy market, witnessing growth in the region, can benefit from a “one-stop-shop” for services to streamline and facilitate company establishment and registration in Abu Dhabi.
