ADEWA posts AED 45 billion in investment revenues

The Abu Dhabi Electricity and Water Authority (ADEWA) posted investment revenues of over AED45 billion.

Commenting after receiving the pioneer performance award, Abdullah Saif Al Nuaimi, director of privatisation at ADEWA said that :"The efforts of Sheikh Dhiyab bin Zayed Al Nahyan, chairman of ADEWA, has great impact on achievements of the ADEWA over the last few years, which were culminated by the pioneer performance award. The award followed a number of other awards received by the ADEWA on management level and execution of its distinguished privatisation programme".

Al Nuaimi thanked Sheikh Dhiyab on behalf of the employees at the ADEWA on receiving the award, which he described as 'natural due to the continuous efforts to promote work at the ADEWA'.

The award was issued to the ADEWA during the Abu Dhabi Economic Forum organised by the Economy and Business Group in recognition of its management and successful implementation of privatisation process.

The ADEWA is the first public institution to implement successfully the strategy of Abu Dhabi government to privatise public sectors - a move that puts the ADEWA under scrutiny of the international corporations, which are racing to strike partnership with. It has already attracted major US, European and Asian Companies. (WAM)

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