The Neutral Group, a carbon consultancy with offices in New York and London, has evidently decided that the opportunities presented by the combination of IRENA and Masdar in Abu Dhabi are too great to resist.
The firm announced today that it will re-locate its headquarters to Masdar City, the zero-carbon development at the edge of the capital, after eying $250 million in financially attractive projects in the region that "are currently stalled due to lack carbon-abatement expertise and suitable financing".
The firm helps other companies to measure their carbon footprint and figure out ways to reduce it. It lists BP, DHL and Marks & Spencer as customers.
"We now really feel like one of Masdar's partners, working to realise the Masdar City vision," Karl Feilder, the Neutral Group chairman, said in a press release.
The announcement is a small but important win for Masdar, which has not announced the large number of corporate tenants for the city experts had expected earlier this year. Key tenants now include General Electric and IRENA, while Switzerland's government has expressed interest in creating a "Swiss village" of the country's companies in the city.
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LA LIGA FIXTURES
Friday Athletic Bilbao v Celta Vigo (Kick-off midnight UAE)
Saturday Levante v Getafe (5pm), Sevilla v Real Madrid (7.15pm), Atletico Madrid v Real Valladolid (9.30pm), Cadiz v Barcelona (midnight)
Sunday Granada v Huesca (5pm), Osasuna v Real Betis (7.15pm), Villarreal v Elche (9.30pm), Alaves v Real Sociedad (midnight)
Monday Eibar v Valencia (midnight)
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5