RAK makes provisions to avoid water shortfalls


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DUBAI // Construction has been completed on two huge reservoirs in Ras Al Khaimah that will provide an emergency source of drinking water should the emirate faces shortages again.

The reservoirs, which were developed by the Federal Water and Electricity Authority (Fewa), will each store five million gallons of water.

The cost of the development is Dh21million.

Should there be more shortages, the reservoirs will serve the water requirements for every household in the emirate for two days, said Mohammed Mohammed Saleh, the director general of Fewa, in comments to Wam, the state news agency.

Last month, residents complained over water shortages following a technical glitch at a desalination plant in the Al Nakheel area of the emirate. The problem has since been repaired, but Fewa is taking no chances.

Two larger reservoirs, with a capacity of 10 million gallons each, are also being built. In addition, a second desalination plant will be ready by 2013.

Residents have welcomed the developments.

"This is a great move and one that will surely be welcomed because it will prove to have a number of benefits," said Ali Mohamed Al Mansoori, the general manager of the RAK Agricultural Cooperation.

"One of the benefits of having the reserves as back up is in case a situation beyond anyone's control happens," he said. "It will also mean that work will not be affected in fields such as construction, so efforts in the development of the community can continue."

melshoush@thenational.ae

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.