industries using renewable energy and resources in the emirate and the region.” “This cooperative agreement will lead to a superior relationship between the Masdar Institute and MIT,” he said, “to jointly address global energy issues.”The Masdar Initiative also encompasses the Masdar Research Network to promote global collaboration in alternative energy research, and the $250 million Clean Technology Fund, which will invest in innovative technologies and companies.In 2008, ADFEC will host the first World Future Energy Summit in Abu Dhabi. The Energy Summit will feature about 150 of the world’s most renowned innovators and experts in clean energy, as well as an exhibition showcasing alternative energy technologies.

U.S.-based Honeywell runs its extensive Middle East operations from its regional headquarters in Abu Dhabi. The Middle East market is one of the fastest growing regional markets for Honeywell, and all four of its business units – Aerospace, Automation and Control Solutions, Specialty Materials and Transportation Systems – are active in the region. Based in New Jersey, Honeywell employs around 100,000 people in 95 countries, including more than 350 employees in the Middle East.Honeywell’s Integration Center in Abu Dhabi, which spans more than 1,000 square meters, is dedicated to the verification and testing of automation systems for commercial customers in the Middle East. Such testing was historically performed only in the United States and Europe, but with the high level of expertise and security available in the UAE, Honeywell made a strategic decision to establish a presence on the ground in Abu Dhabi.

Abu Dhabi

H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates and the Ruler of Abu Dhabi

around the main Abu Dhabi Island, are changing the face of the emirate. These projects, estimated to total $84 billion worth of investments over the next ten years, are similar in nature and scope to those already underway in Dubai. They will involve skyscraper office towers, hotel and resort complexes, marinas, golf courses, water parks, stadiums and sports clubs, shopping malls, hospitals, and residential villas that will effectively double the population and turn Abu Dhabi into a series of island communities connected by an extensive network of bridges, causeways and ferries.

The master plan for these Islands is being jointly developed by the Abu Dhabi Municipality, in cooperation with the Abu Dhabi Tourism Authority, the Tourism Development and Investment Company, various economic development agencies, and the Abu Dhabi Future Energy Company (Masdar) in order to ensure that all development will be environment-friendly. Two islands are specifically being set aside as nature preserves and camp sites. Developments are currently being planned for Yas Island, Sadiyat Island, Reem Island, Danat Island, Najmat Island, LuLu Island, and Raha Beach region.

In addition, a group of property development companies have been formed, all owned and managed by Abu Dhabi businessmen in cooperation with a virtual United Nations of developers and investors. Among the companies managing these massive projects are ALDAR, Sorouh, Al Qudra, Tamouh, Al Rayan, Hydra, Mumtalakat, Royal House, and Elite.

Under the leadership of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, and with the strong support of Crown Prince H.H. Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi is embarking on one of the most impressive economic expansions in the Middle East.

This is the largest entity within the UAE. As home to most of the UAE’s energy resources, Abu Dhabi is estimated to control around 70 percent of the nation’s wealth. The abundance of hydrocarbon resources, coupled with high global energy prices, is enabling Abu Dhabi to launch ambitious “big ticket” projects valued in the hundreds of billions of dollars.

Abu Dhabi is home to the Al Ruwais Industrial Complex, where the majority of its oil and gas is shipped, and Mina Zayed, the main commercial port. By the year 2011, the emirate plans to develop a much larger port, Mina Khalifa, that will be capable of handling three times more traffic and supplies than Mina Zayed. (See related story on page 6.) The new port will be located at Taweelah, a major industrial area, desalination center, and power generation hub located near the Dubai border. Khalifa port operations will be managed by DP World, an important new development in economic cooperation between the emirates.

Abu Dhabi International Airport is the base for the Gulf Air Maintenance Company (GAMCO), one of the largest and most modern aircraft services facilities in the Middle East. It is also the future site of the Masdar renewable energy technology park, an industrial zone dedicated to development of renewable energy technologies. (See related story on page 12.)

World-class property development projects, involving a total of eight islands scattered