Aya Hussain Masdar City, Abu Dhabi’s leading research and development complex and innovation destination, has signed a Memorandum of Understanding With “Hub200”, the global technology ecosystem in Abu Dhabi, with the aim of enhancing the horizons of cooperation and investment opportunities available to emerging companies in the field of Clean technology and climate technology that focus on sustainability.
In addition to the MoU, the two sides will identify available collaboration opportunities in areas including mobility, food, health, and climate action, and enhance knowledge sharing through access to existing startups in the Hub. 71” to companies and strategic partners in Masdar City, and to explore incentive programs to help these companies consolidate their position in the UAE and take them as headquarters always her. According to the memorandum of understanding, Hub20 will become the official partner of Masdar City in the startup ecosystem.
On this occasion, Ahmed Baghoum, Acting CEO of Masdar City, said: “His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of The state, may God protect him, declared 2023 the ‘year of sustainability’ in the United Arab Emirates. There is no doubt that establishing partnerships such as this partnership will be one of the main components and pillars for achieving this vision on the ground. Our partnership with ‘Hub20’ reflects our shared commitment to the advancement of the local economy by supporting ambitious technology-focused companies. As one of the most sustainable cities in the world and a hub for innovation, research and development, we share the ‘Hub71’ vision to provide startups with an environment An ideal that enables it to grow, expand and develop advanced technologies that will make a sustainable impact at the global level. We will work together to make more efforts to contribute to the UAE’s strategy to achieve climate neutrality.”