18. Dubai Electricity and Water Authority (DEWA)

Country: U.A.E.
Sector: Utilities
Managing Director and CEO: Saeed M. Al Tayer
Market Value: $32.3 billion
Sales: $7.9 billion
Profits: $2.2 billion
Assets: $49.3 billion

As the exclusive power and water provider and the dominant cooling services provider in Dubai, DEWA extends its services to 3.6 million people residing in the city and to an active daytime population exceeding 4.8 million. By the end of 2023, DEWA’s installed capacity reached 16,270 megawatts of electricity and 495 million gallons of desalinated water per day. In April 2024, DEWA and Saudi’s ACWA Power also reached the financial closing of the 180 million imperial gallons per day seawater reverse osmosis desalination project in Hassyan, with an investment of $919.5 million.