Utility upgrades boost UAE real estate market

photo credit: landhere
One of the United Arab Emirates has upped power and water production as it battles to meet growing demand from infrastructure and investment property projects.

Sharjah, in the north east of the UAE, upped its drinking water production by five per cent in the first nine months of 2008, while power output grew by 6.8 per cent.

Emirates news agency WAM also reported Sharjah Electricity and Water Authority (SEWA) said the improvements were part of an overall plan to up utility performance in the state.

Earlier this year Al Hanoo Holding completed work on AED 1.5 billion worth of water and electricity grids, gas pipes and communications for the Emirates Industrial City in Sharjah.

The ongoing upgrades could help to dispel fears investment property projects in the north east of the UAE could struggle due to lack of utility capacity.

WAM reports Ibrahim Demas, deputy director of SEWA, said the improved figures would help cater for “growing demand” in Sharjah.

SEWA’s new figures take water production to 23.9 million gallons of drinking water and 7483,3 million kilowatts in the first nine months of the year.

Last month the emirate was given another economic boost when the Civil Aviation Authority (CAA) gave a thumbs up to Airblue to start daily flights to the state from Pakistan.

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