GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • Also collects awards for start-up support, R&D investment and facilities upgrades
Abu Dhabi, United Arab Emirates; November 21, 2017:  Masdar City has been named “Best Free Zone for Start Up Support” by the Financial Times and has collected three other prestigious global awards. 
 
The Global Free Zone of the Year Awards hosted by the FT's fDi Magazine are among the most high-profile awards in the free zone sector, with approximately 65 free zones entering this year's competition. This is Masdar City's second consecutive year receiving awards. 
 
In addition to the Best Free Zone for Start Up Support award, Masdar City took home awards for Best Free Zone for Renewable Energy, R&D Incentives and Facilities Upgrades. Now home to more than 500 companies, the free zone also ranked second in the Best Middle East Free Zone for SMEs category.
 
Mohammed Al Fardan, Director of the Masdar City Free Zone, said: “We're honoured to receive further industry recognition of Masdar City's position as Abu Dhabi's fastest growing free zone, and of its evolving portfolio of services catering to a wide range of tenants, from global multinationals to start-ups. Our clients value both Masdar City's strategic location and the many benefits that come with being part of the city's thriving community. By providing this supportive ecosystem, our aim is to make Abu Dhabi and Masdar Free Zone a breeding ground for new start-ups”
 
Masdar City's tenants base has grown 25 per cent in the past year along with the number of enhanced services, including benefits for start-ups and entrepreneurs. The free zone will shortly be introducing a new online application process to further streamline administration for new tenants. Masdar City Free Zone specialists will attend Abu Dhabi Sustainability Week in January 2018 to host presentations at the Masdar booth. 
 
Masdar City is currently undergoing its busiest phase of development. More than 260,000 square metres of completed buildings are fully leased and occupied, while a further 700,000 square metres of projects have firm development agreements in place. These include schools, offices, hotels, shops, restaurants and private homes.
 
One of the latest developments at Masdar City is the completion of the new Accelerator Building, with 5,000 square metres of extra Gross Floor Area. The recently launched Krypto Labs incubator, also based at Masdar City, supports start-ups with work space and US$100 million in funding over the next three years.
 
Masdar City Free Zone benefits include: 
  • 100% foreign ownership
  • Exemption from corporate and personal income taxes
  • Access to R&D partnerships through the Masdar Institute part of Khalifa University of Science & Technology 
  • Minimum share capital requirements waived
  • Standard requirement to provide a bank or employee guarantee when issuing a UAE residence visa waived
  • Direct access to tenant and client networking events at Masdar City, as well as access to a dedicated business community portal
  • 5 minutes from Abu Dhabi International Airport
  • 20 minutes from downtown Abu Dhabi and Mussafah Industrial Zone
  • Professional support for start-ups to accelerate their business through Catalyst, one of the Masdar City tenants. Catalyst offers tailored mentoring from dedicated global companies that provide ultimate expertise for emerging entrepreneurs.



Posted by : GoDubai Editorial Team
Viewed 20673 times
Posted on : Tuesday, November 21, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Masdar inaugurates one of the world's largest offshore wind farms in showcase of industry partnershi...
Next Story : Hydrogen could contribute to 20% of CO2 emissions reduction targets by 2050
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
The FW18 Trend Report From Weill Paris
Climax Mascara Never Fake It
Discover the Secret to Younger-looking, Radiant Skin
Keep your skin looking healthy and hydrated, naturally
Jessica Kahawaty in Dubai to Celebrate the Launch of SUKIN, Australia's No.1 Nat...
Brow Contour Pro 4-in-1 defining & highlighting brow pencil
LOOTAH Perfumes brings a collection of delicate scents to fulfill the needs of t...
The Balmain Haute Elegance Oval mirrors the brand's soul
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
Get flawless skin with Rodial's new Booster Drops
The World of Aigner Wunderkammer
Johnson's launches Fresh Hydration Range – Cleansed, hydrated skin in just #OneSwipe
Lexus Design Award 2019 open for entries
Elegant and feminine new Mini Bubble set to make a big splash
Trend Alert! Giddy up on the best platform with your new horse-inspo ensemble fr...
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology
Introducing the GUESS Jeans Fall 2018 Collection'
Curate your perfect Autumn Winter wardrobe, with Robinsons
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
Mohammad Abdullah, President of Dubai Institute of Design and Innovation (DIDI)
Corum Heritage Eleganza- Dedicated to the stylish woman
Daniel Craig Brings the Diver 300m to the Surface
DS Podium Chronograph 1/100 sec
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
OMEGA gets set to time the Youth Olympic Games Buenos Aires 2018
Joyalukkas Celebrates the Festival of Light with Irresistible Offers
With more collections and a more spacious car parking, Kalyan Silks moves to El...
Malabar Gold & Diamonds to triple number of outlets to 750 and raise Group turno...
Global Report Reveals That the “Feeling of Home” Is Moving Beyond Four Walls
Fifi & Friends - Now available at more outlets across the UAE
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Kibsons Expand Vegan Range
Health Shield Medical Center to Celebrate Women of the Capital
Halloween “Catwoman” mask using BROW products
AXOR is the official partner for bathroom fixtures of the Design Hotels™ brand
Lacoste Introduces the Keep Playing Collection for Women
The Ford F-150 Raptor: Your Ultimate Partner for Off-Road Adventure
Nokia smartphones serves first slice of Android™ 9 Pie on the award-winning Noki...
Emirates Airline Dubai Rugby Sevens 2018 FactSheet
Sharjah Girl Guides Unleash their Power on International Day of the Girl Child
Festival Plaza Announces Lulu Hypermarket at New Lifestyle Destination
Western Digital powers AI-enabled storage for futuristic surveillance and security
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performance...
SIBF 2018 Invites Young Visitors to the Wondrous Land of Edutainment
Nissan to Make Official On-track Formula E Debut
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition
CITIZEN Unveils 100th Anniversary Limited Edition Collection
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season
UAE Toastmasters community to host the world champion of public speaking