Nakheel, part of Dubai Holding Real Estate, has joined forces with the Dubai Electricity and Water Authority (DEWA) to develop two substations on Palm Jebel Ali with a combined value of AED 270 million.
DEWA will oversee project management, including the tendering and construction processes, with completion slated to coincide with the delivery of luxury villas in the area.
The project will feature two 132/11 KV substations, boasting a total capacity of 400 megavolt amperes, which will cater to the power needs of a large section of Palm Jebel Ali, including its fronds and spine.
This announcement follows earlier contracts for villa construction, infrastructure and public access roads on the island.
Palm Jebel Ali is one of Nakheel’s most ambitious projects, aiming to redefine waterfront living with an extensive range of lifestyle amenities. Once completed, it will play a crucial role in Dubai's growth over the coming decades.
Spanning 13.4 km with 16 fronds and over 90 km of beachfront, the development aligns with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33, featuring pedestrian-friendly neighbourhoods and stunning views of the Arabian Gulf.
.@NakheelOfficial partners with @DEWAOfficial to develop two upcoming substations on Palm Jebel Ali, valued at AED 270 million, marking a significant step forward in the construction of Palm Jebel Ali.https://t.co/6jYk7BGNRS | @dubaiholding pic.twitter.com/mPKkuqhjSm
— Dubai Media Office (@DXBMediaOffice) October 29, 2024
Nasdaq set to confirm bear market as Trump tariffs trigger recession fears
Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field
China to impose tariffs of 34% on all US goods
Shares bruised, dollar crumbles as Trump tariffs stir recession fears
Wall Street futures sink as tariffs fuel recession fears
