Over the past few decades, Dubai has made significant progress in becoming a global hub for trade, tourism and the green economy, making it one of the world's most inspiring, successful and attractive cities for investments across all sectors. This achievement is the result of the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; the follow-up of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE and Chairman of The Executive Council of Dubai; and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE.
At Dubai Electricity and Water Authority (DEWA), we align our strategy with the UAE Centennial 2071, the Eight Principles of Dubai, the 50-Year Charter, the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to provide 100% of energy production capacity from clean sources by 2050, as well as other government strategies designed to ensure the happiness of citizens, residents and visitors.
Since its establishment, DEWA has achieved considerable success and is ranked among the best utilities in the world. It provides services to around 1.3 million customers in Dubai, according to the highest standards of efficiency, reliability and availability. As Dubai's exclusive electricity and water service provider, and to meet the increasing demand for electricity and water, DEWA continues to develop pioneering infrastructure projects. Its installed capacity has reached 17,979 MW of electricity and 495 million imperial gallons per day (MIGD) of desalinated water. In line with its vision to become a globally leading sustainable and innovative corporation committed to achieving net zero by 2050, DEWA is steadily reducing its carbon footprint to reach sustainable net zero by 2050. This is achieved through pioneering clean and renewable energy projects including the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, and the pumped-storage hydroelectric powerplant in Hatta, the first of its kind in the region. Clean energy now accounts for around 21.5% of Dubai's total energy production capacity. DEWA also supports Dubai's progress in shaping the future by reworking traditional concepts of operations to suit rapid global changes and by strengthening Dubai's position as an incubator of creativity and a beacon of innovation.
In April 2022, DEWA was listed on the Dubai Financial Market (DFM). It became the largest listed company in the market with a valuation of AED 124 billion (USD 33.8 billion). The offering included the sale of nine billion shares, representing 18% of its issued capital. DEWA reported its strongest financial performance for both the second quarter and the first half of 2025, achieving AED 14.6 billion in revenue, AED 7 billion in EBITDA and AED 2.9 billion in net profit for the six-month period. Operating cash flow for the first half reached a record AED 9.2 billion.
The secret of DEWA's success lies in its application of the principles and practices of excellence across all operations and activities, and its adoption of the latest technologies of the Fourth Industrial Revolution, particularly generative artificial intelligence (AI). DEWA has a world-class governance system and a continuous record of sound governance across all its operations within a comprehensive framework of integrated corporate work aimed at improving processes, enhancing efficiency and productivity, and fostering creativity and innovation. This has contributed to competitive global results, with DEWA’s practices becoming a benchmark for many organisations worldwide. DEWA ranks first globally in 12 key performance indicators within its areas of work. These include reducing electricity network losses to 2%, water network losses to 4.5% and customer minutes lost (CML) to just 0.94 minutes annually.
We are proud of DEWA’s achievements and remain committed to developing unique experiences that enhance the happiness of all stakeholders and contribute to making Dubai the smartest and happiest city in the world. We will continue to innovate proactive solutions to address the challenges of the next 50 years, in line with the vision of our wise leadership to ensure the UAE is at the forefront of nations by its centennial in 2071.
Saeed Mohammed Al Tayer
MD & CEO of DEWA
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