Dubai , United Arab Emirates - His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, in the presence of His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), announced the establishment of " DEWA Global " as an independent company wholly owned by DEWA, during an official ceremony hosted by Al Shiraa Building, the new headquarters of the Authority, with the aim of developing conventional and clean energy projects around the world, and transferring Dubai's successful model in energy and water infrastructure to global markets.

His Highness Sheikh Ahmed bin Saeed Al Maktoum was received by His Excellency Majid Hamad Rahma Al Shamsi, Chairman of the Board of Directors of Dubai Electricity and Water Authority (DEWA), and His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA. Also present at the launch ceremony were His Excellency Suhail Al Mazrouei, Minister of Energy and Infrastructure; His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications; and His Excellency Marwan bin Ghalita, Director General of Dubai Municipality.

Also in attendance were members of the Board of Directors of the Dubai Electricity and Water Authority (DEWA); His Excellency Ahmed Butti Al Muhairbi, Secretary General of the Dubai Supreme Council of Energy; His Excellency Abdullah Bin Kalban, Managing Director of Emirates Global Aluminium; His Excellency Hussain Sultan Lootah, Group CEO of ENOC; His Excellency Abdulkarim Al Mazmi, CEO of Dragon Oil; Engineer Yousef Ahmed Al Ali, CEO of Etihad Water and Electricity Company; and a number of senior DEWA officials, representatives of investors, and DEWA’s strategic partners.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, said: “Thanks to the vision and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, may God protect him, Dubai has become a global model in achievement and accelerating the pace of development, and has established its position through advanced infrastructure, especially in the energy and water sectors, which is among the best in the world. The launch of DEWA Global is a strategic step to transfer this successful model to global markets, and enhance Dubai’s presence as a source of knowledge and expertise in the fields of energy, water, sustainability and digital transformation.”

His Highness added: “I congratulate the Dubai Electricity and Water Authority on this qualitative step, and we look forward to its continued successes in consolidating Dubai’s position on the international stage and enhancing its role in creating a more sustainable future for future generations.”

Dubai Electricity and Water Authority: An icon born in Dubai

In his speech during the ceremony, His Excellency Saeed Mohammed Al Tayer , Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), said: “We welcome you all to this important event. We are delighted by your presence at a time when the world increasingly needs the visions and capabilities established by DEWA. Today , we are taking these exceptional capabilities to broader global horizons, to share them with pioneers, partners, and investors who believe, like us, that the future is built with a clear vision and integrated, systematic work. Thank you for your presence and valuable support.”

At the heart of its operations, the Dubai Electricity and Water Authority (DEWA) embodies Dubai’s inspiring success story. Thanks to the vision and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him , Dubai has transformed into a global capital of economy, trade, and innovation, and a leading model in sustainable development and attracting investments. For decades, DEWA has contributed to Dubai’s exceptional journey, not only through ambition but also through outstanding performance. Currently, DEWA ranks first globally in 13 key performance indicators for utility companies, in addition to two regional indicators , across the areas of generation, transmission, distribution, customer service, and network efficiency and reliability . Our financial strength provides us with true strategic freedom, characterized by sustainable revenue growth, strong profit margins, and high investment capacity. In 2025, DEWA achieved record revenues of AED 32.8 billion and a record net profit after tax of AED 9.06 billion .

Accumulated experience and a global model

His Excellency Al Tayer noted that the Authority has skillfully managed the entire value chain, from production to transportation and distribution, including operation and maintenance, as well as expansion planning, development, financing, and project management. It also possesses unique experience as both a shareholder and a user of the most prominent projects it has established.   The Authority also leads the way in establishing companies, with its investment portfolio comprising more than ten successful and continuously growing companies. Its operating model is based on a flexible and proactive strategy, exemplified by its transition to solar energy through its flagship project, the Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park, which has earned four Guinness World Records and serves as a global benchmark for large-scale clean energy projects. Operational and financial capabilities have been further enhanced by adopting the Independent Water and Power Producer (IWP) model.   As a result, the Authority has become a global benchmark in structuring bankable projects, achieving the lowest tariff rates, and attracting the participation of international investors, and today this model is being transferred to the world.

His Excellency Al Tayer said: “Over the past years, we have gained extensive experience in production, transmission and distribution, customer services, and clean energy technologies, including photovoltaic solar panels, concentrated solar power, hydropower, and data centers. We have also integrated Fourth Industrial Revolution technologies, including artificial intelligence, across DEWA’s value chain. This is underpinned by Dubai’s exceptional environment, which serves as a global hub for attracting capital, top talent, and strategic partnerships, placing DEWA at the heart of this integrated economic system. By 2035, global demand for energy and water infrastructure is projected to exceed $20 trillion. Amidst rapidly evolving geopolitical landscapes, energy security and sustainability have become top global priorities, underscoring the importance of accelerating the energy sector’s transformation and opening up vast opportunities for strategic partnerships capable of efficiently and effectively executing major energy and water projects. Global expansion is not merely an ambition, but a natural extension of DEWA’s journey and a strategic imperative that strengthens our position.” Its standing at all levels. It opens up global horizons for major and profitable investment opportunities, supports our long-term growth and financial returns, in addition to consolidating a network of high-quality global partnerships that increase the Authority's strength, enhance our investment returns, and expand the scope of our technical expertise in the fields of energy and water."

His Excellency continued, saying: “We will continue to capitalize on opportunities globally, based on value, partnerships, and strategic alignment. Our approach is based on gradualism and commitment. We are starting from regions where we have strong relationships, deep knowledge, and unique geographical proximity, and will gradually expand into other markets to build an integrated global portfolio of conventional and renewable energy technologies in the power and water sectors. We will offer markets the full capabilities of DEWA, including development expertise, technological innovation, digital systems, planning, project management, and operation and maintenance. We don’t just export projects; we offer our capabilities and lessons learned, including project structuring, governance, risk diversification, and execution excellence. We will work closely with governments, developers, and financial institutions that share our standards and long-term vision. We invite partners not only to be part of the journey but also to participate in the development and co-investment of our projects around the world.”

DEWA Global: A new chapter in Dubai's journey

His Excellency Al Tayer said: “I proudly announce the establishment of DEWA Global, an independent company wholly owned by DEWA. Its scope of work will encompass the energy and water sectors, and it will work on developing conventional and clean energy projects using the latest and best technologies, and cooperating with leading entities to implement joint projects around the world. DEWA has already begun implementing this by identifying investment opportunities, building a project portfolio, and establishing a system of strategic partnerships that will enhance its global presence. It has been emphasized that global expansion is not just an ambition, but a natural extension of DEWA’s journey and a strategic necessity.”

His Excellency Al Tayer concluded by saying : “Dubai was founded on an ambitious vision and a will that knows no impossible, and on the belief that innovation and hard work create the future, and DEWA Global represents the next chapter in this journey. We invite you to be part of writing it with us.”

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