Fastest-growing Middle Eastern brands of 2022 (according to Brand Finance Middle East 150)
Country: UAE
Growth: 53.3 percent
Industry: Utilities
The Dubai Electricity and Water Authority, or DEWA, is a public service infrastructure company founded in 1992 by Sheikh Maktoum bin Rashid Al-Maktoum, ruler of Dubai.
According to the Brand Finance Middle East 150 report, DEWA achieved the fastest brand value growth in the utilities sector in 2022, with a 53.3 percent year- on-year increase.
DEWA was formed by the merger of the Dubai Electricity Company and the Dubai Water Department.
It has made significant progress toward Dubai’s Clean Energy Strategy 2050, and is expected to be listed soon to increase the size of the stock market in the emirate.