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FINANCIAL NEWS
Dewa allocates $1.75b for projects completion
14 Feb 2010
(MENAFN) The Dubai Electricity and Water Authority (Dewa) has earmarked a budget of $1.75 billion for the completion of its ongoing projects and the commencement of new ones, Gulf News reported.
Dewa’s Chief Executive, Saeed Al-Tayer, said that the utility’s funds are part of its strategy to improve the productivity of its network and plants.
Earlier this year, Dubai’s utility said that it plans to boost private sector involvement in its power and water sector in order to save costs. This move marked a major policy change for the emirate’s government, which had until now owned and operated all Dubai’s power plants.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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