Powering up: Nakheel's Waterfront lays foundations for two of the biggest electrical substations in Middle East

Waterfront on track to hand substations over to DEWA

Dubai, 07 January 2009: Nakheel, Dubai's master developer, accomplished yet another milestone at Waterfront - casting the raft foundations for two of its 132kV substations after six months of detailed design and engineering. A total of 1,700 tonnes of concrete and 170 tonnes of reinforced steel were used to complete the foundations.

Nakheel's Waterfront Electrical Infrastructure team is managing the construction of the substations which will eventually be handed over to DEWA for operation. The two teams are working closely to ensure the sustainability of the overall power strategy at Waterfront. Sustainability emerged as one of the key influencing factors for investors when considering a property purchase according to a recent survey undertaken by Nakheel.

Matt Joyce, Managing Director of Waterfront said:

"As the world's largest coastal development, Waterfront will transform 1.4 billion square feet of empty desert and sea into an international community for an estimated population of 1.5 million people. We are delighted with the progress made on its infrastructure.

"These substations will be the first of a huge network of substations that will service the entire Waterfront community. We would like to thank DEWA for their ongoing support and cooperation."

Waterfront is the world's largest coastal development based on the shores of Dubai, and is on track to becoming the exemplar sustainable city founded on resource efficiency, social equity, and economic prosperity. Minimizing ecological impact is considered in every decision of the city's design, construction and operation. Energy and water conservation are achieved through integration of utilities in dedicated utility centres, where process streams are interlinked and waste is transformed into energy to power the city. Simulation is used in building design to ensure tough energy efficiency targets are achieved.

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About Nakheel
Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism.

Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai, and now in key markets around the globe, across a range of sectors - residential, commercial, hotels, retail, and leisure. Nakheel's projects are conservatively estimated to be worth US$80 billion. Upon completion Nakheel's waterfront projects will have added more than 1,000km of shoreline to Dubai's coastline.

Nakheel's Dubai portfolio currently includes Nakheel Harbour & Tower, Palm Jumeirah, Palm Jebel Ali, Palm Deira, The World, Waterfront, The Universe, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City, and Dragon Mart.

Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai government across five continents and more than 100 countries.

Further information can be found at www.nakheelmediacentre.com

For more information please contact:
Margaret Flanagan or Rebecca Leach
Four Communications
Nakheel@fourcommunications.com
tel: +971 55 985 3378/77

Nakheel
Anna McGovern,
Senior PR & Communications Executive
+971 50 457 5892
Anna.mcgovern@nakheel.com