Advanced Technology Research Council<\/a> (ATRC), which shapes the R&D strategy in Abu Dhabi, alongside its pillar entities, the Technology Innovation Institute (TII) and ASPIRE, and will continue to welcome regional and global partners in the coming months.<\/p>The ATRC joins an already impressive cluster of innovation-driven companies including: Honeywell Innovation Center, an innovation and knowledge-exchange hub designed to advance digital transformation across the oil, gas, petrochemical and infrastructure sectors; G42 Healthcare, which conducted the first pan-Arab clinical trials for an inactivated COVID-19 vaccine and has established the region\u2019s largest and most advanced Omics Center of Excellence, which is home to a series of Omics projects; the International Renewable Energy Agency (IRENA) \u2013the first intergovernmental organization to be located in the Middle East; the UAE Space Agency, which made history earlier this year by sending a spacecraft into Mars\u2019 Orbit, making the UAE the first Arab nation, and one of just five in the world to achieve this; the Emirates Nuclear Energy Corporation (ENEC); and companies such as Siemens, Siemens Energy, Saint-Gobain, and Tabreed, as well as core tenant, Masdar (Abu Dhabi Future Energy Company).<\/p>
Masdar City is also an active proponent of the UAE\u2019s National Artificial Intelligence Strategy 2031, which identifies the growth potential associated with AI, and has set out to establish the country as an incubator for AI innovation. This year, Masdar City welcomed the first students to the world\u2019s first graduate-level, research-based university dedicated to the study of AI, the Mohammed Bin Zayed University of Artificial Intelligence (MBZUAI). Masdar City is also home to a growing number of AI specialist companies contributing to a predicted $15.7 trillion boost to the global economy by 2030 and $320 billion to the Middle East economy.<\/p>
Already established as a leading innovation hub in the region, together with its partners, Masdar City will continue to advance solutions in key sectors, which also support the UAE\u2019s industrial sector in increasing its contribution to gross domestic product (GDP) of AED 300 billion by 2031.<\/p>
\u201cThe UAE has strategies in place that will support the development of industrial small-to-medium enterprises and enable them to play a greater role in the country\u2019s transition to a knowledge-based economy. The City provides a very unique offering that includes education, R&D, technology, and innovation, all within a strategic base through which companies can test new technologies and build their partnerships. We are already home to more than 900 companies and we look forward to growing that number significantly over the next 10 years,\u201d Balalaa added.<\/p>
The development of startup businesses is also a key focus for Masdar City. The Catalyst, a joint venture between Masdar and bp, is the first start-up accelerator in the MENA region dedicated to sustainability. Companies operating under its incubation program include Seramic, which is developing turnkey solutions to upcycle industrial waste; Volts, which provides an in-house smart battery management system that can create its own autonomous electricity supply in a house when charged by the grid or solar panels; and sustainable skincare company De L\u2019Arta.<\/p>
Masdar recently marked its 15-year anniversary with its \u2018For A Sustainable Future\u2019 brand campaign, which is focusing on real-world examples of how Masdar City is driving innovation in the region.<\/p>","protected":false},"excerpt":{"rendered":"
Masdar City, the sustainable urban development in the UAE\u2019s capital, Abu Dhabi, is set to play a key role in the global green recovery from COVID-19 as it continues to add sustainability-focused innovation and technology companies. The number of companies in the City\u2019s free zone increased26 percent in 2020, indicating the important role of the […]<\/p>\n","protected":false},"author":1,"featured_media":12379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/12377"}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=12377"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/12377\/revisions"}],"predecessor-version":[{"id":12380,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/12377\/revisions\/12380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/12379"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=12377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=12377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=12377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}