Rulers in UAE are always thinking new ways to improve living and business conditions in the country. For this purpose, they are ready to adopt new and unique initiatives. UAE has constructed several such areas that provide unimaginable facilities to residents and entrepreneurs. One such really strange and majestic area is the Masdar City in Abu Dhabi. Inside this fantasy city, the opportunities are available for businesses in the shape of a free zone.
Masdar City is known as world’s first carbon-neutral city where the energy requirements will be fulfilled with clean and natural energy. This will include solar energy and other renewable energy sources. Construction of this city started in 2006 and it occupies total area of 6 km2. According to the plan, this city will provide residence to around 50,000 people and will house 1,500 businesses. Most of these businesses will comprise of commercial and manufacturing companies related to environmental friendly products.
Due to regional and global financial issues, the planned completion of Masdar City could not be achieved by 2016. But now the construction is underway smoothly. It is expected that this project will achieve its completion in 2030. It is expected that after its completion, this city will provide job to more than 60,000 individuals.
Despite its under-construction status, Masdar has already attracted world’s famous companies related to green technology. IRENA (International Renewable Energy Agency) is a UN observer organization working for promotion of renewable energy. IRENA has 158 member countries and its headquarter is in Masdar City. Siemens, a Germany-based Europe’s largest industrial manufacturing company, has its regional headquarter in Masdar City. Its building is Abu Dhabi’s most efficient building. It is designed to use 50% less water and 45% less energy than an ordinary office building.
The presence of these world class companies along with several others have made it clear that Masdar City is rapidly moving towards one of the best places for companies related to renewable energy and green technology. There is no doubt that more relevant companies will enter Masdar City in near future due to possibilities of growth in this exclusive city.
If you own a company related to green energy, then the best place in the Middle East and its nearby areas for growth of your company is free zone in Masdar City, Abu Dhabi. Apart from general advantages of free zones in UAE, Masdar City Free Zone also provides exclusive incentives to thrive companies related to green technology and renewable energy. You can consult Riz & Mona Consultancy for registration of your company in this specific free zone via our WhatsApp # 971-56-9971225.