Plans for phase two of Masdar City. Courtesy Masdar
Plans for phase two of Masdar City. Courtesy Masdar
Plans for phase two of Masdar City. Courtesy Masdar
Plans for phase two of Masdar City. Courtesy Masdar

Masdar City ready to start the next phase


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  • Arabic

ABU DHABI // Masdar City is to expand again over the next five years with the construction of a research and development hub, a school, homes and retail stores.

A spokesman for the low carbon-footprint city said residences would be built largely to accommodate those working at the site’s dedicated research and development cluster.

“About 35 per cent of the planned built-up area will be completed over the next five years – up from 5 per cent today – and nearly 30 per cent has been committed to, including private homes, schools, hotels and more office space,” said Anthony Mallows, executive director of Masdar City.

He said all space within Masdar’s buildings – and those under construction – was leased.

“Masdar City’s expansion is gathering pace because today we are recognised as a hub for R&D (research and development), technology, human capital building, business opportunity and investment.”

Besides 2,000 residential flats, the latest concept emphasised green open spaces within walking distance of a number of Masdar City’s projects, including the Siemens headquarters and Masdar Institute itself.

Masdar representatives said the new development would provide more opportunities for collaboration between the institute and the wider business and clean technology community.

“As the surrounding community at Masdar City grows, so the R&D cluster will also expand,” said Dr Noura Al Kaabi, director of research and development at the Masdar Institute.

“Effective research and development of viable technologies requires a culture of collaboration and an environment where scientific theory and practical insight can flourish.”

Mr Mallows said that having institutions and businesses dedicated to clean technology within walking distance of each other would make give Masdar an advantage over competitors.

“By making clean energy commercially viable, we help preserve the planet, inspire innovation and new industries, and diversify the UAE economy and economies around the world,” he said.

Masdar will reveal more details about the hub at Cityscape Abu Dhabi, the property conference in the capital from April 12 to April 14.

nalwasmi@thenational.ae

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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SPECS
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LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
While you're here
Sri Lanka squad

Dinesh Chandimal, Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Angelo Mathews, Lahiru Thirimanne, Niroshan Dickwella, Sadeera Samarawickrama, Rangana Herath, Suranga Lakmal, Nuwan Pradeep, Lakshan Sandakan, Vishwa Fernando, Lahiru Kumara, Jeffrey Vandersay, Milinda Siriwardana, Roshen Silva, Akila Dananjaya, Charith Asalanka, Shaminda Eranga and Dhammika Prasad.

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What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4