Sheikh Zayed Housing Program (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), has signed an MoU with Masdar City to advance the housing and urban development sectors in the UAE.
Further, the MoU intends to improve the performance in related global competitiveness indicators. Masdar City is the pioneering sustainable urban community and world-class business and technology hub in Abu Dhabi.
According to the statement, “The areas of cooperation include sharing expertise and knowledge of the housing sector, participating in mutual events for housing projects and community services, and enhancing the contribution of the private sector in urban infrastructure and housing.”
Eng. Mohamed Al Mansouri, Director-General of SZHP, said that, “The MoU seeks to boost joint efforts and strategic partnerships between all stakeholders of the housing sector, including federal and local government entities and service providers, in line with the directives of our wise leadership of developing collaborative measures that help realize the objectives of a future-oriented government. We are pleased to sign this MoU that will go a long way in achieving the UAE’s vision of providing Emiratis with decent, sustainable residences.”
Eng. Mohamed Al Breiki, Executive Director of Sustainable Real Estate Development of Masdar City, noted that, “Access to sustainable housing is crucial. The UAE government has taken significant steps to provide housing that meets people’s needs. At Masdar City, we want to help ensure it also addresses environmental concerns. We already developed the most energy-efficient buildings in the region. Our portfolio includes the first net-zero villa in the country as well as the first to achieve a 4-Pearl Estidama rating.”
“This new partnership with Sheikh Zayed Housing Program will have far-reaching implications for the people of the UAE. I am looking forward to sharing what we have learned to ensure housing in the UAE is economically, socially, and environmentally sustainable—for our communities and the planet,” Mr. Breiki added.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
