Masdar City
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Masdar City مدينة مصدر |
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| Walled city | |
Rendering of the future Masdar City from the air
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 Masdar City
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| Coordinates: 24°25′45″N 54°37′6″E / 24.42917°N 54.61833°ECoordinates: 24°25′45″N 54°37′6″E / 24.42917°N 54.61833°E | |
| Country | United Arab Emirates |
| Emirate | Abu Dhabi |
| Initiated | 2006 |
| Government | |
| • Chairman | Dr Sultan Ahmed Al Jaber |
| • CEO | Mohamed Jameel Al Ramahi |
| Area | |
| • Total | 6 km2 (2 sq mi) |
| Time zone | Arabian Standard Time (UTC+04) |
| Website | www |
Masdar City (Arabic: مدينة مصدر, Madīnat Maṣdar) is a planned city project in Abu Dhabi, in the United Arab Emirates. Its core is being built by Masdar, a subsidiary of Mubadala Development Company, with the majority of seed capital provided by the Government of Abu Dhabi. Designed by the British architectural firm Foster and Partners, the city relies on solar energy and other renewable energy sources. Masdar City is being constructed 17 kilometres (11 mi) east-south-east of the city of Abu Dhabi, beside Abu Dhabi International Airport.
Masdar City hosts the headquarters of the International Renewable Energy Agency (IRENA). The city is designed to be a hub for cleantech companies. Its first tenant was the Masdar Institute of Science and Technology, which has been operating in the city since it moved into its campus in September 2010.
The project is led by Masdar, a subsidiary of Mubadala Development Company. Initiated in 2006, the city was envisioned to cover 6 square kilometres (2.3 sq mi) and estimated to cost US$18-22 billion. It would take approximately eight years to build, with the first phase scheduled to be completed and habitable in 2009. Construction began on Masdar City in 2008 and the first six buildings of the city were completed and occupied in October 2010. However, due to the impact of the global financial crisis, the initial 1,000,000 square metres (0.39 sq mi) was estimated for completion in 2015; final completion was pushed back to between 2020 and 2025. By 2016, less than 300,000 square metres (0.12 sq mi) had been developed and final completion was estimated to be 2030.
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