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The city's goal is to be a center for companies that operate using renewable energy and other non-pollutant sources. Masdar Institute of Science and Technology was the first orginization to operate there in 2010.
The city was planned to cover 6 square kilometers and it's cost was estimated around 20 billion US dollars. The first six buildings of the city were completed in 2010 and it is estimated that the whole city will be fully constructed between the years 2020 and 2025. It's actual size will be less than 300,000 square meters.
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