The UAE government initiated the Masdar City project in 2006, with the
state-owned enterprise Mubadala Development Company beginning work with a US$22 billion budget. The original plan was that it would take approximately eight years to build, with the first phase scheduled to be completed and habitable in 2009. Construction began in February 2008, and the first six buildings of the city were completed and occupied in October 2010. But due to the
Great Recession and the
2008 financial crisis, planned completion was delayed to between 2020 and 2025. By 2016, less than had been developed, and final completion was estimated for 2030. , a 2030 completion date was still projected. The city is meant to be an example of sustainable urban development, innovation, and community living. As designed, it would be home to 45,000–50,000 people and 1,500 businesses. More than 60,000 workers were projected to commute to the city daily, but by 2023, only 15,000 people lived and worked in Masdar City (of whom 5,000 were residents). Passive design features will include wind towers to improve ventilation and short, narrow streets to create pedestrian-accommodating spaces. ==Transportation==