Update: Masdar City taking shape

04/29/2013 | CNNMoney/Fortune

Masdar City, a green city being built from scratch in the Abu Dhabi desert, is marking some development milestones. Several shops, a university and Siemens' Middle East Headquarters have been completed. All the buildings are powered by renewable energy and use 56% less energy and 54% less water than typical Middle Eastern buildings use.

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