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Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has launched a Dh5.8 billion investment plan for new energy and water projects to serve the Northern Emirates.

Sheikh Mohammed also approved the building of new water dams at a cost of Dh2.4 billion and the creation of a federal water network linking the Northern Emirates to Abu Dhabi and Dubai.

As part of an ambitious effort to grow the national economy, he gave the green light to plans for a Dh1.2 billion solar power station and a water desalination plant with a capacity of more than 680 million litres in Umm Al Quwain, with both schemes to be completed in the next two years.