Sunday, June 22, 2008

Real Estate Projects in Ajman - Months waiting Requiers for getting Electricity and water


Lack of coordination between government bodies could impede the growth of the real estate sector in the Northern Emirates of the UAE. Over 300 realty projects are under various stages of development in Ajman, Umm Al Quwain and Ras Al Khaimah that might finish in time but may face difficulties in securing water and electricity, according to insiders.

Hassan Abdullah Al Ghasyah, executive director of Supply at the Federal Electricity and Water Authority (Fewa), said: "Local government authorities have not coordinated on precise water and power requirement with Fewa. However, according to the Cabinet decision, Fewa is committed to a minimum 8 per cent annual growth in power and water demand."

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