Abu Dhabi to invest $1.2bn in Masdar Institute
Abu Dhabi, September 7, 2009
Abu Dhabi is planning to invest nearly $1.2 billion (Dh4.41 billion) in the Masdar Institute of Science and Technology, according to the chief of Masdar (Abu Dhabi Future Energy Company).
It is the first of its kind institution in the world set up for the research of alternative energy, environmental technologies and sustainability.
'That's the total budget until the end of 2018 for the Masdar Institute,' Dr Sultan Al Jaber was quoted as saying in the Gulf News.