| Abu Dhabi's Masdar City Gets Off to Virtual Start|
By Himendra Mohan Kumar
February 9, 2008
Abu Dhabi Abu Dhabi yesterday broke ground on
Masdar City, the world's first zero-carbon,
zero-waste, car-free city.
The event was marked by the virtual laying of a
cornerstone by General Shaikh Mohammad Bin Zayed
Al Nahyan, Crown Prince of Abu Dhabi and Deputy
Supreme Commander of the UAE Armed Forces.
In conjunction with the ground-breaking, Masdar
CEO Dr Sultan Al Jaber announced a development
total budget of $22 billion for the project.
Masdar will maximise the benefits of sustainable
technologies, such as photovoltaic cells and
concentrated solar power.
By implementing these technologies, Masdar City
will save the equivalent of more than $2 billion
in oil over the next 25 years, based on today's
energy prices. The city will also create more
than 70,000 jobs and will add more than two per
cent to Abu Dhabi's annual GDP.
"We are creating a city where residents and
commuters will live the highest quality of life
with the lowest environmental footprint," said
Dr Al Jaber.