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FINANCIAL NEWS
Siemens launches phase1 for Abu Dhabi HQ
05 Feb 2012
(MENAFN) Germany’s Siemens announced the beginning of the construction works of its new regional headquarters at Masdar City in Abu Dhabi, Arabian Business reported.
The project is part of a strategic partnership with Masdar, occupying 18,000 sqm of office space that will accommodate nearly 2,000 staff.
Siemens said in a statement that phase 1 of the project will be completed in the summer of 2013.
12,000sqm of space will be available for leasing in the first phase, which will include a centre of excellence for smart buildings and a leadership development centre, as well as a conference centre for both customer and corporate use.
Under the partnership with Masdar, Siemens will provide technologies for smart buildings and jointly develop a smart grid for the initial phase of Masdar City that will optimize energy consumption and reduce emissions, Siemens said.
Masdar Institute and Siemens are already cooperating in R&D and innovation-led technology projects, the company added.
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