Masdar Seeks Funds To Build City

Monday, September 28, 2009

Masdar is considering plans to raise as much as $600m over a period of seven years from the first quarter of 2010, to fund the construction of the first phase of Masdar City in Abu Dhabi, Bloomberg has reported. Masdar is partnering with international companies, investment firms and educational institutions to develop and deploy leading technologies, systems and sustainable solutions in Masdar City and in the wider Gulf region.

Source: AME Info

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