Gulf Business Awards 2021

Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, has been recognized as ‘Energy Company of the Year” for the third time at the prestigious Gulf Business Awards 2021, having previously won the award in 2016 and 2017.

The Gulf Business Awards recognize companies positively impacting and driving the GCC’s economic landscape, with companies being judged on criteria including innovation, growth, financial results, and corporate social responsibility. Niall Hannigan, Chief Financial Officer of Masdar, received the award in person at a gala ceremony, held on Tuesday evening at the Dubai International Financial Centre, attended by many of the top business leaders in the region.

Masdar’s victory in this award comes after the company more than doubled the capacity of its renewable energy portfolio within two years, with Masdar now investing in or committed to invest in projects with a total generation capacity of at least 13 gigawatts. Masdar City, Abu Dhabi’s only planned and approved research and development cluster, also continues to expand, with the City today home to more than 1,000 companies.

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