Utico FZC
Growth Score40DXBi Rank115Heat Score100The largest private utility in the UAE
Media
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Utico's Hassyan SWRO on course for timely completion
Utico-Siemens MOU for Hassyan IWP electrical & automation design
Green hydrogen production plans
UAE's Utico plans $500m sukuk to pay down debt
DEWA and Utico sign US$410 million water desalination deal
Hyflux restructuring rescue agreement
Overview
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Private
- Headquarters
- Al Hamra Industrial Zone (RAKEZ), Al Jazeera Al Hamra, Ras Al Khaimah, UAE
- Founded
- 2005
- Website
- uticome.com
Products & Services
Seawater Reverse Osmosis (SWRO) Desalination
Build-Own-Operate desalination plants (e.g. 160,000 m3/day facility in Ras Al Khaimah, 120 MIGD Hassyan plant) producing potable water for industrial, commercial and municipal customers
Gas-Fired Power Generation
Independent power plants (e.g. ~120 MW natural-gas-fired IPP at Al Hamra, Ras Al Khaimah) supplying electricity to industrial zones and residential communities
Wastewater Treatment & Zero Liquid Discharge
Industrial water recycling, purification and zero-liquid-discharge treatment services
Transmission & Distribution (T&D) and Billing/Collection
End-to-end utility network operation, customer billing and collection services across water and power
Solar & Renewable Energy Solutions
Solar power and battery energy storage projects (e.g. Umm Al Quwain hybrid solar-plus-storage plant with Yellow Door Energy)
EPC (Engineering, Procurement & Construction) Services
Turnkey EPC delivery for power, water, oil & gas, chemical/petrochemical, cement and metals sector clients
Green/Blue Hydrogen (planned)
Announced green hydrogen production venture using renewable-powered water splitting, targeting 12,000-100,000 tonnes/year capacity
People
Technology
No technology or web presence data on file yet.
Financials
Funding rounds
Projects
Hyflux restructuring rescue agreement
Utico signed a S$400m restructuring agreement to rescue Singapore's Hyflux, acquiring new shares for a 95% stake of enlarged capital for $300m plus up to $100m working capital loan; confirmed November 26, 2019. Deal terms evolved from an earlier 88% stake / $300m equity + $100m loan structure. Ultimately the deal did not close as originally structured amid disputes with Hyflux creditors.
$400M
Nov 26, 2019
DEWA Hassyan 120 MIGD SWRO Independent Water Project
Dubai Electricity and Water Authority (DEWA) named Utico preferred bidder and signed a 35-year Water Purchase Agreement and Shareholder Agreement for the 120 MIGD Hassyan Sea Water Reverse Osmosis plant, achieving a world-record low water tariff of ~US$0.277-0.278/m3; total project cost ~US$410 million.
$410M
Jan 1, 2020
Hassyan water reservoir contract
Utico secured an approximately $80 million contract from DEWA to build the 120 million imperial gallon Hassyan water reservoir, in addition to the main Hassyan IWP.
$80M
Aug 15, 2026
Utico-Siemens MOU for Hassyan IWP electrical & automation design
Utico and Siemens signed a strategic MOU for electrical and automation design and supply for the Hassyan Integrated Water Project's final 1.1 million m3/day phase, described as Siemens' largest desalination-plant project in Dubai to date; signed at WETEX/Dubai Solar Show 2021.
Oct 7, 2021
Green hydrogen production plans
Utico announced plans for a green hydrogen company producing 12,000 tonnes/year initially (scalable to 100,000 tonnes) via water-splitting powered by a 200MW renewable portfolio, targeting first-phase launch in 2024; also disclosed exit from a Clean Coal Carbon Capture project with Shanghai Electric and pursuit of sustainability bonds/IPO funding.
Oct 6, 2021
Yellow Door Energy solar + battery storage MOU (Umm Al Quwain)
Utico signed an MOU with Yellow Door Energy at WETEX 2023 to develop a first-of-its-kind hybrid solar plant with battery energy storage in Umm Al Quwain, to generate 4,700 MWh of clean energy annually to power Utico's pumping station, removing an estimated 82,000 tonnes of CO2-equivalent over the system's lifetime.
Nov 20, 2023
Oman Ghubra desalination water purchase agreement
Utico signed a water purchase agreement with Oman to supply potable water from a new Al Ghubra desalination project.
Aug 15, 2026
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