Masdar City Announces First Corporate Tenant: GE Ecomagination
The Masdar stand last week at the World Future Energy Summit in Abu Dhabi.
GE will be the first corporate tenant to set up shop in Masdar City, Abu Dhabi's nascent eco-city. The Masdar Initiative, which is managing the new city's construction, made the announcement at last week's World Future Energy Summit. According to Masdar, GE will become an "anchor partner" in the city, setting up an Ecomagination Centre and forming a broader relationship with Masdar based on research and development of energy-efficient products and technologies. Said Masdar CEO Dr. Sultan Al Jaber:
"We are excited that GE will be an anchor tenant at Masdar City, as we aim to build the world's Silicon Valley for clean technology."
GE's Masdar Centre will develop and showcase a variety of GE technologies, including wind, solar and renewable energy products. The Masdar Initiative and GE are also planning to explore collaborations in R&D; and the development of cleantech products, which Masdar hopes to eventually utilize in the development of the city.
"Masdar City, and Abu Dhabi, is the perfect location for GE to establish its first Ecomagination Centre," said Nabil Habayeb, President and CEO of GE Middle East and Africa. "We see enormous opportunities to deploy sustainable technologies in the region, drive new innovation, and harness the region's great interest and willingness in putting these technologies to work."
The Centre will be a facility of up to 40,000 square meters, located close to the Masdar Institute, a new academic institution that will also focus on the development of renewable energy technologies. Other known future tenants of Masdar City include Masdar's corporate headquarters, and an area called the "Swiss Village" - a project initiated by the Swiss Embassy in Abu Dhabi and Swiss businesses, which will host a variety of Swiss-owned companies, and is also expected to be built in the near future.
More from the World Future Energy Summit:
World Future Energy Summit Kicks Off in Abu Dhabi
World's First Post-Petroleum City Rising in Abu Dhabi