DEWA ranks third most valuable utility brand in Middle East, third fastest growing brand in UAE

DEWA ranks third most valuable utility brand in Middle East, third fastest growing brand in UAE

DUBAI: 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.

"At DEWA, we support the vision and directives of the wise leadership, to consolidate the competitiveness of the UAE, which leads global indices in various areas. DEWA spares no effort in supporting ambitious national strategies, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy to provide 100% of Dubai's total power capacity from