THE MIDDLE EAST’S
4. TAQA Group
Country: U.A.E.
Sector: Energy
Group CEO & Managing Director: Jasim Husain Thabet
Market Value: $87.9 billion
TAQA operates a diversified utilities and energy platform spanning power generation, water desalination and hydrocarbons. In December 2025, TAQA achieved financial close for a 24-year PPA with EWEC to develop the $980.3 million Al Dhafra 1 GW Power Plant project in the UAE. In January 2026, ADNOC and TAQA signed a 27-year Utilities Purchase Agreement to supply critical utilities to the TA’ZIZ Industrial Chemicals Zone. In 2025, it expanded its global water platform through the $1.2 billion acquisition of GS Inima. The group reported $11.6 billion in revenue and $59.9 billion in total assets for the first nine months of 2025.