THE MIDDLE EAST’S

20. Dubai Electricity and Water Authority (DEWA)

Country: U.A.E.
Sector: Utilities
Vice Chairman, Managing Director & CEO : Saeed M. Al Tayer
Market Value: $36.2 billion
Sales: $8.4 billion
Profits: $2 billion
Assets: $50.3 billion

DEWA, Dubai’s exclusive provider of electricity and water, reached a total installed capacity of 17,179 MW of electricity and 495 million imperial gallons per day of desalinated water by the end of 2024. This includes 3,060MW from renewable sources—primarily solar. Since its establishment in 1992, DEWA has grown steadily, closing 2024 with 1.27 million customer accounts, including 58,810 new accounts added during the year. DEWA is 82% owned by Dubai Investment Fund.