THE MIDDLE EAST’S

15. Dubai Electricity and Water Authority (DEWA)

Country: U.A.E.
Sector: Utilities
Vice Chairman, Managing Director & CEO: Saeed Al Tayer
Market Value: $41.1 billion

DEWA is Dubai’s sole electricity and water provider, with nearly 18 GW of electricity, including 3.86 GW from clean energy, and a desalination capacity of about 495 million imperial gallons per day. It serves over 1.3 million customer accounts and reported $9 billion in revenue and $2.5 billion in net profit in 2025. Established in 1992, DEWA is 82% owned by Dubai Investment Fund and holds an %80 stake in Empower, the district services cooling provider.