Government of Dubai Media Office –16 February 2020: Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, received today, in the presence of Dubai Crown Prince His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, President of World Bank Group David Malpass and an accompanying delegation, on the sidelines of Global Women’s Forum Dubai (GWFD) 2020, being held from 16-17 February in Dubai.
Sheikh Mohammed and the President of the World Bank Group discussed collaboration between the UAE and the World Bank to enhance the business environment globally. He said the UAE is keen to share its experience of creating a conducive environment for attracting local, regional and global investors by developing a soft and hard infrastructure that enhances ease of doing business.
His Highness Sheikh Mohammed expressed the UAE’s appreciation for the World Bank’s efforts in promoting global economic growth as well as its efforts in eliminating poverty, promoting welfare, unlocking sustainable economic growth opportunities and investing in human capital development globally. His Highness also stressed the UAE’s keenness to work closely with the World Bank to generate new opportunities in the UAE, the region and the world.
David Malpass praised the UAE’s development model and its approach in diversifying its income and reducing reliance on oil revenues, investing in strong infrastructure that supports the ambitious objectives of the country and its investment incentives that have raised the UAE’s global ranking in ease of doing business indices.
The President of the World Bank also expressed his happiness in participating in GWFD 2020, noting that organising the global event in the UAE opens the doors for identifying more opportunities for enabling women in business regionally and globally, especially with the organization of We-Fi MENA Regional Summit. The meeting was also attended by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum; Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of Dubai Women Establishment, and wife of His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Presidential Affairs; Minister of Cabinet Affairs and the Future HE Mohammad bin Abdullah Al Gergawi; Minister of State for Financial Affairs, HE Obaid bin Humaid Al Tayer; Minister of State for International Cooperation HE Reem bint Ibrahim Al Hashimy; and Chairperson of the Board and Managing Director of the Dubai Women Establishment HE Mona Al Marri.
Dubai Electricity and Water Authority (DEWA) was formed on 1 January, 1992, by a decree issued by the late Sheikh Maktoum bin Rashid Al Maktoum to merge Dubai Electricity Company and Dubai Water Department, which had been operating independently before then. Both organisations were established by the late Sheikh Rashid bin Saeed Al Maktoum in 1959. Dubai Government fully supported the Electricity Company and the Water Department to provide Dubai’s citizens and residents with a continuous and reliable supply of electricity and water. Since then, DEWA has made considerable achievements, to be ranked as one of the best utilities in the world. DEWA provides services today to more than 900,000 customers with a happiness rate that reached 95% in 2018.
The UAE, represented by Dubai Electricity and Water Authority (DEWA), has maintained its first global ranking, for the third consecutive year, with scores of 100% in all Getting Electricity indicators in the World Bank’s Doing Business 2020 report. The report measures the ease of doing business in 190 economies around the world. DEWA achieved competitive results in global benchmarking, surpassing the private sector and major European and American utilities in efficiency and reliability. DEWA raised the efficiency of its energy production by using the latest technologies and adopting technological innovations, surpassing European and American utilities, by reducing losses from electricity transmission and distribution networks to 3.3% compared to 6–7% in the US and Europe. DEWA also achieved the lowest customer minutes lost per year (CML) in the world of 2.39 CML compared to 15 minutes in Europe and was also able to reduce water network losses to 6.5% in 2018 compared to 15% in North America, which is one of the best results in the world.