Dubai's Electricity and Water Authority (DEWA), listed on the Dubai market of NASDAQ, has established a project to build two water reservoirs in the Al Nakhali area with a storage capacity of 120 million gallons of desalinated water with accompanying works, in the amount of AED 288 million.
The project aims to increase the storage capacity of the Dubai emirate to reach 1010 million liters, said in a statement on its website.
The project includes the construction of two rectangular reinforced concrete tanks with a capacity of 60 million gallons each in the Al Nakhali area of Dubai.
The project is expected to proceed in accordance with the planned program in advance, and completion of work on the construction and operation of the reservoirs within 24 months where the Authority's total storage capacity to 1010 million gallons compared to the current capacity of 830 million gallons, which is expected to increase to 890 million gallons, The third phase of the tank, with a capacity of 60 million gallons, service after 24 months.
At the end of last month the Authority announced the establishment of a contract for the supply, extension and construction of large water transmission systems with a length of 19.5 km at a total cost of AED 131 million.
The Dubai Electricity and Water Authority (DEWA) has approved a total budget of AED 26.417 billion for 2018, compared to AED 24.358 billion in 2017.
The 2018 budget includes investments in conventional and non-conventional energy sources, advanced technologies and innovative projects.
In October, DEWA signed a Memorandum of Understanding with Emirates NBD to strengthen cooperation structures in the fields of innovation and digital transformation with the aim of collaborating in the areas of transformation and digital cooperation in projects to improve customer service.