Schneider Electric, a French firm that builds electrical equipment, will construct a research and development centre at Masdar City focusing on boosting the energy efficiency of buildings, cooling systems and data centres.
The deal adds to the growing list of major international engineering and technology firms that have signed up with Masdar, Abu Dhabi's carbon neutral showpiece city under development.
Other tenants include General Electric of the US and a group of Swiss companies that will construct research facilities within the city. Schneider's technology will be put to use in the city and on Masdar's large solar power plants.
The firm's presence would "catalyse the development of the clean technology cluster in Abu Dhabi", said Sultan al Jaber, the Masdar chief executive.
"At the heart of Masdar City is a commitment to partnering with leading industry players, such as Schneider electric, to bring the latest technologies," he said. "Masdar City will be a global centre of research, development and real-world testing of cutting edge renewable energy and demand reduction technologies."
cstanton@thenational.ae
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
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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
COMPANY%20PROFILE%20
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The five pillars of Islam
European arms
Known EU weapons transfers to Ukraine since the war began: Germany 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles. Luxembourg 100 NLAW anti-tank weapons, jeeps and 15 military tents as well as air transport capacity. Belgium 2,000 machine guns, 3,800 tons of fuel. Netherlands 200 Stinger missiles. Poland 100 mortars, 8 drones, Javelin anti-tank weapons, Grot assault rifles, munitions. Slovakia 12,000 pieces of artillery ammunition, 10 million litres of fuel, 2.4 million litres of aviation fuel and 2 Bozena de-mining systems. Estonia Javelin anti-tank weapons. Latvia Stinger surface to air missiles. Czech Republic machine guns, assault rifles, other light weapons and ammunition worth $8.57 million.
UAE currency: the story behind the money in your pockets