Prince Albert II of Monaco yesterday visited Masdar City to see first at hand the visible progress and innovative technologies being integrated into the sustainable, cutting-edge urban development. Prince Albert II also met with Dr. Sultan Al Jaber, CEO and managing director of Masdar, to discuss the importance of global collaboration as a key driver in discovering and commercializing technologies to address the pressing challenges of climate change and energy security.
Prince Albert II of Monaco said: “The fact is, our environment is in trouble and we must unite in a global effort to change our habits. Protecting our environment and finding new sources of reliable power is the challenge that we face. Masdar, along with the visionary leadership of Abu Dhabi, is playing a vital role in discovering and delivering real results in renewable energy and clean technology innovation it shares the concern that I wish to address through the action of my Foundation.”
Prince Albert II met with Masdar senior staff to discuss the value Masdar City can bring in facilitating open innovation.
“Protecting our habitats and the environment is a global effort, and collaboration is critical in advancing innovation in areas like sustainable development and weather-driven sources of power,” said Prince Albert II. “Masdar is a place where the private sector and the scientific community can come together to make meaningful advancements in the areas our planet needs most.”
Masdar is Abu Dhabi’s multi-faceted initiative advancing the development, commercialisation and deployment of renewable and alternative energy technologies and solutions. The company serves as a link between today’s fossil fuel economy and the energy economy of the future - developing a pathway for how we will live and work tomorrow. Backed by the stability and reputation of the Mubadala Development Company, an investment vehicle of the government of Abu Dhabi, Masdar is dedicated to the emirate’s long-term vision for the future of energy.
Masdar City, one of the most sustainable cities in the world, is an emerging global hub for innovation and the commercialization of renewable energy and clean technologies. The city offers a fertile environment to inspire creativity, growth and commercialization opportunities to the companies and organizations operating in this strategic business sector.
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