State-owned utility service provider, 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.
The report underlined the remarkable success of DEWA’s Initial Public Offering (IPO) during the first half of 2022.
Further, it noted that DEWA’s brand strength played a fundamental role in achieving this success, as per the statement.
“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 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 percent of Dubai’s total power capacity from clean energy sources by 2050. The secret of DEWA’s success lies in applying the principles and practices of excellence across all its operations and activities as well as in strategic planning, in addition to including them within its corporate culture.”
The report also highlights the importance DEWA places on sustainability and green energy to achieve carbon neutrality.
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, as per the reports.
Earlier this month, DEWA developed new software for the ‘Smart Design of Electricity Distribution Networks’ and obtained Intellectual Property (IP) protection from the UAE Ministry of Economy (MoE).