Wednesday, May 23, 2007

Nakheel plans strategic alliance with DEWA


Nakheel, the master developer behind the three palm island of Dubai, has stated that they are ready to provide more than half of the residential developments likely to be constructed in the emirate for the next twenty years. They added that the company is likely to develop two billion square feet of space or more, at Dubai by that time span.

Nakheel's coastal projects (residential and hotel), 'The World', 'Dubai Waterfront' and 'three palm islands' that are linked to Palm Jebel Ali, is estimated at three million. Due to this, Nakheel officials are planning out the way in which future utility requirements of water and electricity could be met, with Dewa)Dubai Electricity and Water Authority).

Once the two enters into an agreement, Nakheel projects such as The Palm Jebel Ali, The Palm Deira, The Palm Jumeirah, and Jumeirah Park will have the necessary infrastructure to integrate with the wider development of Dubai.

Dewa states that it has already held discussions with senior Nakheel officials so as to improve regular communications and liasoning, and to check out the demands required by the Nakheel developments on Dewa’s services.

The alliance has resulted in similar partnerships between Nakheel and the RTA, telecommunications provider and other major service providers.

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