Dubai commits Dh72 billion for utility projects

Dubai has committed the amount of Dh72 billion to fund its utility projects which have been implemented during 2008 or are still under construction to meet future demand. This is in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai.

Saeed Mohamed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA) in a statement said the budget will enable DEWA to implement it biggest projects so far. He noted that Dubai has been able to meet the world's highest growth rates of demand on electricity and water (15% and 12% respectively) in recent years. He said the rate is poised to increase due to the emirate's ambitious projects. DEWA, Al-Tayer added, has developed rationalization plans and launched awareness campaigns which made huge success in preserving resources. – Emirates News Agency, WAM