Dubai earmarks $10.9 billion for water, electricity projects in the next five years – Arabian Business

Dubai earmarks $10.9 billion for water, electricity projects in the next five years – Arabian Business

Dubai is investing a sum of AED40 billion ($10.9 billion) in electricity and water projects in the next five years to cope with surging demand.

Its utility provider Dubai Electricity and Water Authority (DEWA) said the planned capital expenditure will also include expanding renewable and energy projects.

“DEWA will continue to invest and enhance renewables’ generation capacity, through informed plans based on the latest tools for future foresight, in order to meet the increasing demand for electricity and water,” its chief Saeed Mohammed Al Tayer said.