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uticome.com

Founded Year

2005

Stage

Private Equity | Alive

Total Raised

$147M

Last Raised

$147M | 5 yrs ago

About Utico

Utico is a private United Arab Emirates utility company. It is a utility developer, investor, and owner of water and power plants, with operations including generation, transmission, distribution, billing, collection and customer services.

Utico Headquarter Location

P.O. Box: 54527 RAK Technology Freezone

Ras Al Khaimah,

United Arab Emirates

+971 07-2434610

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Latest Utico News

Utico inks deal with Omani company – GulfToday

Apr 15, 2022

Utico inks deal with Omani company – GulfToday The UAE-based Utico, signed a Water Purchase Agreement (WPA) with the Oman Water and Wastewater Services Company (OWWSC) following the winning of a contract to develop an independent desalination project in Ghubra in the Muscat Governorate. In a statement, Utico, which is the Middle East’s leading full service utility and the only private water and power company in the UAE, said the Ghubra project will supply 20,000 M3/d potable water to OWWSC at the lowest water tariff ever in Oman. “The winning of the Ghubra desalination project in Muscat is a milestone for Utico and a clear evidence of the company’s ability to achieve sustainable returns for its shareholders, in addition to achieving efficiencies in long-term government concessions,” said Hussain Allawati, CEO, Global, Utico. He said the Ghubra desalination project also pointed to the UAE-based company’s appetite to expand its investments and operations across the region, which has been made possible thanks to Utico’s innovative approach and integrated model that includes all elements in the value-chain in sustainable water generation and supply. The company will deploy innovative, strategic and sustainable production practices in the development of the Oman project in an environment-friendly manner with the use of green electricity. Utico

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  • When was Utico founded?

    Utico was founded in 2005.

  • Where is Utico's headquarters?

    Utico's headquarters is located at P.O. Box: 54527, Ras Al Khaimah.

  • What is Utico's latest funding round?

    Utico's latest funding round is Private Equity.

  • How much did Utico raise?

    Utico raised a total of $147M.

  • Who are the investors of Utico?

    Investors of Utico include Asma Capital.

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