Abu Dhabi’s Masdar City to Invest $1.08 Billion in Energy and AI Projects
In an exclusive interview with the Emirates News Agency, CEO Ahmed Baghoum revealed that Masdar City is set to embark on energy and artificial intelligence projects with a massive investment of 4 billion dirhams ($1.08 billion).
World Future Energy Summit: A Platform for Sustainable Solutions
The World Future Energy Summit, hosted by Masdar, is currently underway in Abu Dhabi and aims to bring together global experts to brainstorm sustainable solutions for the future. The event, scheduled from April 16 to 18, is a pivotal moment for the industry.
The Link: A Groundbreaking Development at Masdar City
One of the key projects in the pipeline is The Link, a 30,000 sq. m. development that will feature the region’s first net-zero energy shared working and living facility. This innovative concept is set to redefine sustainable living in urban environments.
Attracting Top Talent and Foreign Companies
CEO Baghoum highlighted the strategic importance of sectors like energy and AI for Abu Dhabi and the UAE. Masdar City is actively seeking to attract top talent and forge partnerships with foreign companies interested in setting up research centers within its premises.
Incentives for Companies Considering Relocation
To entice companies to relocate to Masdar City, Baghoum emphasized the attractive incentives offered, including full foreign ownership, exemption from income tax, and unrestricted currency exchange. The city prides itself on being a world-class business and technology hub operating at the highest international standards.