Dh13bn to be ploughed into infrastructure segment of Dubai
UAE emirate's leading power and water regulatory body, Dubai Electricity and Water Authority (Dewa) will invest Dh13 billion this year in new projects. The move is part of Dewa's Dh75-billion spending plan to build capacity to match the UAE emirate's future economic growth that includes real estate as well.
This year's spending comes despite Dewa delaying a mega power generation and water desalination plant in Jebel Ali for a year amid slower consumption growth. The Jebel Ali project is crucial for mega real estate and industrial projects being developed in Dubai, including Dubai World Central, and Dubai Industrial City and Dubailand.
Electricity consumption grew 13 per cent in February and the demand for water was seven per cent higher compared to the same month in 2007, Al Tayer said, adding that power demand is expected to be nine per cent this year.
