×
×
Your source for the creme de la creme of business and investment intelligence on the Middle East and North Africa.
 

Macro View

Sub-Saharan Africa inflation creeps up

Most Sub-Saharan African nations have started experiencing inflation pressures that could threaten the region’s growth story.

 

Macro View

Sub-Saharan Africa inflation creeps up

Most Sub-Saharan African nations have started experiencing inflation pressures that could threaten the region’s growth story.

MENA needs to wean off Gulf support

GCC budget breakeven oil price creeps up

Iraq may need to borrow to cover USD3bn budget deficit

View All

Country Report

Eurobond likely as Kenya eyes revised GDP

Analysts expect Kenya to issue its debut Eurobond before the summer as the government moves to rebase gross domestic product, a move which would grant the country middle-income status.

Iran economy to contract further as nuclear talks continue

Rebasing helps Nigeria in GDP race

Morocco's economy to expand 5% in 2015: IIF

View All

Commodities & Markets

Egypt's Nilex sees SME trading hitting USD143m mark

Egyptian Exchange chairman Mohamed Omran told Zawya that Nile Stock Exchange aims for listing of 50% of SME industry in next five years.

Africa mining ripe for M&As

EGX optimistic, eyes 8,500 points in 2014

Fundamentals to influence forex moves

View All

Companies & Projects

BREAKING: RAK Airport to tender cargo cluster expansion in 2014

Ras Al Khaimah International Airport (RAK Airport) will tender its cargo cluster expansion during the second half of this year, its CEO told Zawya in an exclusive interview.

Nakheel to award boardwalk tender mid-July

Saudi plans new Riyadh suburbs

BREAKING: KLJ Organic Qatar tenders chemical factory construction

View All

Investment Ideas

GCC accounts for 87% of MENA real estate investments

Non-Gulf countries account for only 10% of the massive USD 2.5 trillion in projects spending, highlighting under-investment in infrastructure and real estate across the Middle East and North Africa.

Emaar Misr considering sukuk, other finance options-senior source

Project bonds can narrow MENA's funding gap

MENA healthcare a prime pick for private equity

View All

Audio & Video
 
 
Transcript
How has the vision of Masdar City evolved from the initial 2007 concept to today?

MALLOWS: I think what's very exciting about Masdar City, is that when the concept of Masdar City was originally conceived, there was a high priority on environmental sustainability. And in the eight years since that inception, the concept of sustainability has evolved into a far more comprehensive understanding, not only of environmental sustainability but also social and economic sustainability.What we've done since the inception, and this is a transformation to the concept, is that we now work with third-party investors in the development of Masdar City, just as any other city would grow, but they work within sustainability guidelines that we've outlined.

What has been the market reaction to Masdar City s Free Zone? What types of businesses and industries are you trying to attract?

ALAWADHI: We're trying to find international companies to come on board. We're looking for green companies, companies that encompass the whole Masdar concept, to try and put renewable energies on the forefront of their agenda. So to us it's very, very important that any company that comes on board with us, is following the ethos of Masdar City and the whole green concept.

In ways have market forces shaped the face of Masdar City?

MALLOWS: The vision for Masdar City remains the same as from its inception. However, changes in technology and changes in development strategy, have allowed us to transform the original spatial vision into a far more comprehensive and development-oriented idea without sacrificing any of the original sustainability objectives. So we have not only a greenprint for how the city should be developed in the future, but also very, very responsive to market forces, and changes in technology.

At the beginning of the year, Masdar City's population was approximately 1,000 people and 100 companies. What are your growth projections going forward?

ALAWADHI: Currently we have around 24 retails that are opening up and a lot of them will be opening up within this summer. We have a Siemens building which is a LEED Platinum building out there, which is the first in Abu Dhabi. We also have the Incubator Building which houses SMEs to large multinational corporations.We also have the HQ, which is going to be the headquarters of IRENA, along with the headquarters of Masdar. So if you were to ask the question on the growth of Masdar, I would say it's been phenomenal and we're going to be taking this idea forward into the 2030 plan of Abu Dhabi.

How is Masdar City balancing environmental sustainability with economic viability?

MALLOWS: Economically, it's important that cities are built not only by governments and certain high net worth individuals; that cities are an open process where everybody can participate in the economic benefits of the city. So it's not only developers and governments who are participating in the building of the Masdar City. It's private individuals, it's for-profit corporations, and global tech companies who want to locate in Masdar City, and be part of this sustainable paradigm.We look at a greenprint for urban development both in terms of environmental, economic, and social, and we do not emphasise one aspect of sustainability over the other. So it's a balance. But our main focus is to in fact increase productivity, work-live-play environments, while minimising the consumption of energy and minimizing the impact on the environment.

What types of facilities are available for potential investors and businesses considering relocating to Masdar City?

ALAWADHI: The type of facilities that we have here at Masdar are unique. One, we're a free zone; two, an investment zone. Many will come to us and say, well it's very similar to others that you have out there. I always say, we're unique. Masdar City sets an example for the world.I would love to invite all the potential investors to come to Masdar to see it, to be a part of the dream, to live what the idea of green technology is, to come and be a part of a smart city, and leave your legacy with us and the world as well. We're in this journey together.
 
Masdar City courting investors aligned with its environmental, economic and social sustainability agenda - 22 Apr 2014 (0:04:43)

Masdar City is a low-carbon, mixed-use development located in Abu Dhabi, UAE. The Prospect Group spoke with Masdar City's Director, Anthony Mallows, and Head of Business Development, Amier Alawadhi, about the evolution of the Masdar concept, attracting investment, and maintaining the balance between environmental, economic, and social sustainability.
The Prospect Group
Original Broadcast by The Prospect Group
© Copyright The Prospect Group 2014
 
 
 
 
 
What do you think of Zawya Exclusive?

Design Like  (63) Dislike  (14)

Content Like  (55) Dislike  (6)

 
Panel