It includes 900 companies specializing in innovation and technology
26% increase in “Masdar” free zone companies during 2020
The test centers in "Masdar" have played a major role in supporting the country's efforts to deal with the pandemic.
From the source
Last year, the Masdar City Free Zone witnessed a 26% increase in the number of companies it hosted, which reflects the city’s important position and the unique advantages it offers to innovative companies, which include, for example, the “G42” healthcare group, whose testing centers have played a major role. In support of the UAE’s efforts in dealing with the “Corona” pandemic and its consequences.
And Masdar said in a statement yesterday that this increase in the number of companies shows the great need to rely on innovation as a means to develop and deploy new technologies that help advance the green transformation process.
Abdullah Balala, Executive Director of the Department of Sustainable Urban Development at the Abu Dhabi Future Energy Company (Masdar), said, "The pandemic has shown the extent of the interrelationship between health and climate change, and has made us realize now more than ever the importance of green recovery as the only way forward."
He added, "Achieving this goal depends on supporting sustainable development and stimulating innovation in key sectors, which is what Masdar City focuses on and its pioneering efforts in these areas revolve around."
"The qualitative technologies developed by companies operating within Masdar City do not contribute to paving the way to the future, but rather contribute to shaping it, as well as supporting them to achieve the UAE's goals of consolidating sustainability and achieving positive change," Balaa said.
He pointed out that "Masdar" provides a unique environment for education and research, noting that the city is currently home to 900 companies, and is looking forward to increasing this number significantly over the next 10 years.
Masdar City hosts businesses ranging from multinationals, small and medium-sized companies, and local start-ups, all focused on developing innovative technologies for key global sectors facing pressing environmental challenges, including energy, water, artificial intelligence, health, aerospace and agriculture.
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