Ahmed bin Saeed Al Maktoum divorces "DEWA International" To develop energy and water projects

DUBAI, June 20, WAM / 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, during an official ceremony hosted by the Al Sheraa Building, the new headquarters of the Authority, today announced the establishment of “Dewa International”, as an independent company wholly owned by the Authority, with the aim of developing traditional and clean energy projects around the world, and transferring Dubai’s successful model in energy and water infrastructure to global markets.

The launch ceremony was attended by His Excellency Suhail bin Mohammed 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; His Excellency Marwan bin Ghalita, Director General of Dubai Municipality, and His Excellency Majid Hamad Rahma Al Shamsi, Chairman of the Board of Directors of the Dubai Electricity and Water Authority.

Members of the Board of Directors of the Dubai Electricity and Water Authority also attended; His Excellency Ahmed Butti Al Muhairbi, Secretary General of the Supreme Council of Energy in Dubai; His Excellency Abdullah bin Kalban, Managing Director of Emirates Global Aluminium; His Excellency Hussain Sultan Lootah, CEO of ENOC Group; His Excellency Abdul Karim Al Mazmi, CEO of Dragon Oil Company; Engineer Yousef Ahmed Al Ali, CEO of Union Water and Electricity Company, and a number of senior officials from the Dubai Electricity and Water Authority, representatives of investors, and the authority’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 directives 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 become a global model for achievement and accelerating the pace of development, and has established its position through advanced infrastructure, especially in the energy and water sectors, which is considered among the best in the world.

His Highness added: The launch of DEWA International is a strategic step to transfer this successful model to global markets, and enhance Dubai’s presence as a source of knowledge and experience in the fields of energy, water, sustainability and digital transformation.

His Highness said: I congratulate DEWA on this qualitative step, and we look forward to its continued successes in consolidating Dubai’s position on the international scene and enhancing its role in creating a more sustainable future for future generations.

His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, said in his speech during the ceremony: Today, at a stage in which the world’s need for the visions and capabilities established by Dubai Electricity and Water Authority is increasing, we are launching these qualitative capabilities to broader global horizons, to share them with pioneers, partners, and investors who believe, like us, that the future is created with a clear vision and integrated, systematic work.

His Excellency added: DEWA embodies at the core of its work the inspiring success story of Dubai. Thanks to 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, “may God protect him,” Dubai has transformed into a global capital of economy, trade and innovation, and has become a pioneering model in sustainable development and attracting investments. Over the decades, DEWA has contributed to supporting Dubai’s exceptional journey, not only with ambition, but with outstanding performance, and it currently occupies first place in the world. In 13 main performance indicators for service companies, in addition to two regional indicators, in the areas of production, transportation, distribution, customer service, and network efficiency and reliability.

He said: Our financial strength gives us real strategic freedom represented by sustainable growth in revenues, strong profit margins, and high investment capacity. In 2025, the authority achieved unprecedented revenues amounting to 32.8 billion dirhams, and a record net profit after tax reached 9.06 billion dirhams.

His Excellency Al Tayer pointed out that the Authority was able to skillfully manage the entire value chain, starting from production to transportation and distribution, through operation and maintenance, in addition to expansion planning, development, financing and project management. It has a distinguished experience and leadership in establishing companies, as its investment portfolio includes more than 10 successful companies and is still constantly growing. Its operating model relies on a flexible and proactive strategy, embodied in the transition to solar energy through the icon of its projects, the Mohammed bin Rashid Al Maktoum Solar Park, the largest solar energy complex in one location in the world.

His Excellency said: The complex has won 4 Guinness World Records and is considered a global reference for major clean energy projects. Operational and financial capabilities have been enhanced by adopting the independent water and energy producer model. As a result, the Authority has become a global reference 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 explained: Over the past years, we have gained extensive experience in the fields of production, transportation, distribution, and customer services, and in the field of clean energy and its technologies, including photovoltaic solar panels, concentrated solar energy, hydroelectric energy, and data centers, in addition to integrating the technologies of the Fourth Industrial Revolution, including artificial intelligence, into various areas of the Authority’s value chain. We rely on the exceptional environment provided by Dubai, which constitutes a global center for attracting capital, distinguished competencies, and qualitative partnerships, as the Authority occupies a pivotal position in this integrated economic system.

He added: By 2035, the global demand for energy and water infrastructure is expected to exceed $20 trillion. In light of the rapid geopolitical transformations, issues of energy security and sustainability have become the top global priorities, which reinforces the importance of accelerating the pace of transformation in the energy sector, and opens broad horizons for strategic partnerships capable of implementing major projects in the energy and water sectors efficiently and effectively.

He said that global expansion is not just an ambition, but rather a natural extension of the Authority’s path and a strategic necessity that enhances its position at all levels. It opens global horizons for major and profitable investment opportunities, supports our long-term growth and financial returns, in addition to consolidating a network of qualitative global partnerships that increase the authority’s strength, enhances our investment returns, and expands the scope of our technical expertise in the fields of energy and water.

His Excellency added: We will continue to invest in opportunities at the global level, in accordance with value, partnerships, and strategic suitability. Our approach is based on gradualism and commitment. We start from areas where we have strong relationships, deep knowledge, and distinguished geographical proximity. We will gradually expand to other markets, to build an integrated global portfolio that includes traditional and renewable energy technologies in the energy and water sectors. We will offer the markets the full capabilities of DEWA in terms of development expertise, technological innovation, digital systems, planning, project management, and operation and maintenance.

He said: We do not only issue projects, but rather offer our capabilities and lessons learned, including project structuring, governance, risk distribution, and excellence in implementation. We will work closely with governments, developers, and financial institutions that share our standards and long-term vision. We invite partners to not only be part of the journey, but to co-develop and co-invest in our projects around the world.

His Excellency Al Tayer said: I proudly announce the establishment of DEWA International, as an independent company wholly owned by the Authority. Its scope of work will include the energy and water sectors. It will work to develop traditional and clean energy projects using the latest and best technologies, and cooperate with leading entities to implement joint projects around the world. He pointed out that the Authority 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 rather a natural extension of its journey. Authority and strategic necessity.

His Excellency Al Tayer concluded by saying: Dubai was founded on an ambitious vision and a will that does not know the impossible, and on the belief that innovation and hard work create the future, and DEWA International represents the next chapter of this journey. We invite you to be a part of writing it with us.

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