Leading architects and engineers have come together from around the world to design Masdar City, which will save more than $2bn of oil over 25 years and serve as a benchmark for the next generation of green design.
During his keynote address, Masdar's CEO Dr. Sultan Al Jaber will announce previously unreleased details on the construction and financing of Masdar City. The event will be culminated by the laying of a "cornerstone." The entire groundbreaking will be offset by solar power reserves produced by Masdar's photovoltaic testing facilities.
This groundbreaking is the first physical step towards creating the home of the Masdar Initiative. The first phase of the city's seven-phase plan is the development of The Masdar Institute of Science and Technology (MIST) - the world's only graduate school dedicated to renewable energy - developed in collaboration with MIT and scheduled to open in 2009.
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Abu Dhabi's Masdar Initiative breaks ground on city of the future
- United Arab Emirates: Wednesday, February 06 - 2008 at 08:25
- PRESS RELEASE
On February 9, 2008 at 6:30 p.m. in Abu Dhabi, United Arab Emirates, the Masdar Initiative will break ground on Masdar City, the world's first zero-carbon, zero-waste, car-free city, powered entirely by renewable energy.
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Masdar (www.masdaruae.com) is a multi-faceted, multi-billion dollar investment in renewable and alternative energy and clean technology. In January 2008, Abu Dhabi announced an initial investment of $15bn in Masdar, the largest single government investment of its kind. Masdar is helping to explore, develop and commercialize future energy sources.Masdar City will become the global center for future energy, and companies and individuals from around the world will operate from the city in their quest to develop sustainable, secure and equitable energy solutions.
For more information please contact:
In the Americas:
Mark Grundy, +1 212 819 4882,
Michael Iacovella, +1 212 704 8254,
In Europe:
Laura Misselbrook, +44 (0)20 7344 1285,
In the MENA Region:
Mohammed Kharroubi, +971 50 428 9678
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, February 06 - 2008 at 08:25 UAE local time (GMT+4)
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