Utico has been honoured as the Best Contributor to RAK Development at the annual RAKEZ Business Excellence Awards.
The accolade recognises the firm’s contribution to the economic and social development of Ras Al Khaimah and to the GDP of the emirate, as well as to neighbouring emirates.
Utico serves Ras Al Khaimah, Umm Al Quwain, Sharjah and Ajman through its network directly and through other service providers FEWA and SEWA.
“The award has inspired us to further enhance our relevance to the communities and the country we serve, the United Arab Emirates,” said Richard Menezes, CEO of Utico.
Utico has invested $680million in the UAE in infrastructure, including in water and power plants and networks, and is poised to increase that to more than $1billion over the coming three years.
“It is an honour to be recognised by RAK Government for our role in the growth of the industrial, real estate, tourism, farming, and other development sectors of the emirate and neighbouring emirates, which has been possible with the immense support of the Ras Al Khaimah government and other official entities as well as from Rulers of neighbouring emirates,” said Ali Darwish, regional general manager of Utico.
Utico is actively in discussion with the Sharjah government to set up a large desalination plant at Hamriyah, which will be the world’s largest IWP without government guarantees and have the lowest tariff without it.