I’ve posted information last year about the $15bn Masdar city – which aims to be the world’s first zero-carbon and waste free city – and I wondered if investment and construction would slow down for this project because of the global financial crisis.
I guess that’s not happening as indicated by this news announced today from BASF. The chemical company said it will be the preferred supplier of construction materials and systems solutions for the city’s construction. Aside from that, BASF will also open an office there once completed, which is slated around 2016.
The green city, located 30 kilometers (18.6 miles) away from downtown Abu Dhabi, is expected to have a community of 50,000 people mostly with scientific pedigrees. BASF’s potential neighbor include the International Renewable Agency (IRENA) who decided late last June to relocate its new global headquarters from Bonn, Germany, to Masdar city.
Masdar City is currently in its first phase of construction. For more background, I’ve also written an article about it in ICIS Chemical Business in November 2008.
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