According to Ahmed Baghoum, CEO of Masdar City, there are projects targeting vital industries like energy, artificial intelligence, space exploration, life sciences, and agriculture that are currently in the design phase and have an investment cost of Dh3–4 billion.
Speaking on the sidelines of the opening day of the World Future Energy Summit, which Abu Dhabi Future Energy Company (Masdar) is hosting, Bakhoum said that the projects currently being built at the city are expected to be worth a total of about Dh1 billion. These projects include “The Link,” which is expected to be completed in the middle of 2025, and the Masdar City Complex.
He stressed that Masdar City is currently focusing on vital sectors including energy, AI, space, the life sciences and agriculture, noting that all of these areas are important for the emirate of Abu Dhabi in particular and the UAE in general, where “we are working to support and focus on them by attracting talent and partners.”
He mentioned that talks are underway with international businesses to move their headquarters and set up research facilities in Masdar City.
“Masdar City is a world-class business and technology hub, operating at the highest international standards. It offers companies a compelling package of advantages and incentives, including full foreign ownership, exemption from income tax, and unrestricted currency exchange,” he explained.