Deals Counterparts
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Utico FZC

company

Utico FZC, established in 2005 and part of the RMB Group, is the largest private utility in the UAE. It specializes in the development, ownership, and operation of integrated water and power infrastructure, serving over 100,000 customers. The company focuses on delivering sustainable utility solutions and has expanded its presence across the MENA region.

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Founded 2005 Parent: RMB Group
UtilityDeveloperOperatorInvestor

Strategic Overview

  • Focus on integrated water and power utility solutions.
  • Strategic expansion within the MENA region, particularly in the GCC.
  • Commitment to developing, owning, and operating sustainable infrastructure assets.

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Key People

Richard Menezes
CEO

Track Record

200
MW Total
19
Years Active
$B1.22B
Total Value
Notable projects: First private power and water utility in Ras Al Khaimah, Acquisition of Majis Industrial Services

Detailed Analysis

Sectors
Utilities
Technologies
DesalinationWater TreatmentWater DistributionPower GenerationTransmission
Geographies
UAEOman (1 deal)Saudi ArabiaMiddle East
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

Majis Industrial Services

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