Dewa 3rd most valuable utility brand in Mideast

Dewa 3rd most valuable utility brand in Mideast

Local News















Dubai / WAM

Dubai Electricity and Water Authority (Dewa) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by “Brand Finance” for the strongest and most valuable brands in the world in 2022.

The report underlined the remarkable success of Dewa’s initial public offering (IPO) during the first half of 2022, noting that the strength of Dewa’s brand played a fundamental role in achieving this success. The report also highlighted the importance Dewa attaches to sustainability and green energy to achieve

carbon neutrality.

Saeed Mohammed Al Tayer, MD and CEO of Dewa, expressed his pride in this new achievement, which adds to Dewa’s record of prestigious international achievements. He noted that this global ranking reflects Dewa’s position as one of the most prominent and distinguished utilities globally.

Dewa’s teams have made unprecedented achievements at the local and global levels. Dewa’s results surpass major European and American utilities in several indicators. In 2021, losses from electricity transmission and distribution networks were 3.3% compared to around 6-7% in Europe and the US.