Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Wednesday announced the allocation of AED5.8 billion ($1.58 billion) for water and electricity projects in the northern emirates.
Sheikh Mohammed also approved a AED2.4 billion project to build dams and a federal water network that connects the water resources of the northern emirates with that of Abu Dhabi and Dubai, state news agency WAM reported.
He also approved projects to build an AED1.2billion solar power station in Umm Al Quwain, and a water desalination station with a capacity of 150 million gallons per day, which are set to be completed in the next two years.
"Constant development efforts and mega projects are a characteristic of the UAE. As we embark on a new development journey, we are constantly exerting efforts to achieve the highest standards in every sector," he said.
"Water, electricity and roads projects are key to the national economy, and we are currently investing in them to ensure the continued growth of our economy," he said. "My field trips reflect a style of administration that I have inherited from Sheikh Zayed and Sheikh Rashid, and I will continue with them," he added.
Sheikh Mohammed was also briefed about future projects that form part of the national strategic water security plan that aims to save AED75 billion. Up to AED9 billion is also expected to be saved through water desalination projects.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.