Partner, Squire Patton Boggs
Campbell Steedman has more than 30 years of experience advising clients on complex corporate finance transactions, cross-border M&A, joint ventures, privatisations, and restructurings in the Middle East, North and Sub-Saharan Africa, the Indian sub-continent, and Central and Eastern Europe.
He acts for major corporates and investors in telecommunications, oil and gas, natural resources, construction, healthcare, transport and hospitality, financial institutions and retail. He also has extensive experience in equity capital markets transactions in stock exchanges in Dubai, Abu Dhabi, Bahrain, and Saudi Arabia.
Mr. Steedman has led the Middle East practices of international law firms in the region for more than a decade. With a keen focus on diversity and inclusion in the workplace, and the growing importance of sustainability in international business, he is recognised as a leading practitioner for Corporate/M&A in the Middle East in the Chambers Global, IFLR 1000 and legal 500 directories.
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.