Utico

UAE utility Utico Secures $400mn Investment Deal
Deal makes the UAE’s leading private utility the first large water player to have four Sovereign investors as its shareholders
UTICO commissions largest trans-emirate pipeline in the UAE
$100 million pipeline has a 50 million gallons per day peak carrying capacity
Asma Capital buys $147mn stake in Utico's unit
Saudi’s PIF denies last week’s reports that it was planning to buy a stake in the utility company
Utico invests $185mn to double water capacity
To more than double capacity, Utico is building a new plant and upgrading two existing plants
Utico to invest $326.6 in new utilities projects
The company stated that it intends to build over 100MIGD of desalination capacity in the coming 6 years with 50MIGD operational in 3 years
Utico commissions $20mn RAK water pipeline
The 55km project in Al Ghail will supply desalinated water to 50,000 residents.

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