TDIC and Masdar sign agreement to develop sustainable water and energy solutions on Sir Bani Yas Island

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About Tourism Development & Investment Company (TDIC):
Tourism Development & Investment Company (TDIC) is a master developer of major tourism destinations in Abu Dhabi, the largest of the seven emirates which make up the United Arab Emirates, and a key contributor to its economic and cultural progress.

The company is behind some of Abu Dhabi's most prestigious projects including two major destinations - Saadiyat Island, which will house the world's largest single concentration of premier cultural institutions including the Sheikh Zayed National Museum, the Guggenheim Abu Dhabi Museum, the Louvre Abu Dhabi museum, a performing arts centre and maritime museum, and Desert Islands which will be one of the world's largest sustainable island tourism destinations.

By creating investment partnerships and joint ventures, TDIC's developments are supporting Abu Dhabi's evolution into a world class destination for tourists, businesses and residents and helping to realise the emirate's considerable tourism potential and strategic goal of delivering 2.7 million hotel guests a year by 2012. In a move to support the real estate sector, TDIC has joined with major investment, real estate and finance companies in Abu Dhabi to form Abu Dhabi Finance. The new entity has been created to meet the demand for mortgage finance by end-users.

Established in April 2006, TDIC has already built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. Locally, TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.


About Masdar:
The Masdar Initiative is Abu Dhabi's multi-faceted, multibillion dollar investment in the development and commercialization of innovative technologies in renewable, alternative and sustainable energies as well as sustainable design. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company. In January 2008, Abu Dhabi announced it will invest $15bn in Masdar, the largest single government investment of its kind. Masdar, which works with a range of innovative renewable energy companies and utilities, is continuously searching for investment opportunities.