Masdar City is a project in Abu Dhabi, that will present the world’s first zero-carbon, car and skyscraper-free city. In Arabic Masdar means “the source” and refers to Masdar the company and Masdar City, being a source of knowledge, innovation and human capital development in the areas of renewable energy and clean technologies.

Project was initiated in 2006. with the projected cost approximately US$18-US$19 billion. Masdar City is a unit of Masdar, a wholly owned subsidiary of the Mubadala Development Company, which is an Abu Dhabi Government-owned vehicle set up to spur economic development and diversification in the emirate.

Masdar City is planned to be a hub for cleantech companies and it will host the headquarters of the International Renewable Energy Agency (IRENA).

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