DEWA says digital guarantee system cuts processing time by 95%
The utility says its system handles about 2,500 guarantees a year, while reliance on physical guarantees has fallen 74%.
Event / data period: 2026-10-03
Published: · Updated:
Dubai Electricity and Water Authority (DEWA) said on October 3 that its Smart Bank Guarantee System has cut transaction turnaround time by 95% and reduced reliance on physical bank guarantees by 74%. The system manages the guarantee lifecycle through digital processing, verification and tracking.
DEWA said the platform processes approximately 2,500 guarantees annually, with a total value of around AED1 billion. The authority described the changes as system performance results; its announcement did not specify the measurement period or provide a comparison baseline for the two percentage reductions.
Data
DEWA bank guarantee system results
Annual transaction volume and performance changes reported by DEWA on 3 October 2026.
- Bank guarantees processed annually
- ≈2,500 bank guarantees per year
- 2026-10-03 · Observed
- Annual value of guarantees processed
- ≈1,000,000,000 AED
- 2026-10-03 · Observed
- Transaction turnaround time reduction
- 95 percent
- 2026-10-03 · Observed
- Reduction in reliance on physical guarantees
- 74 percent
- 2026-10-03 · Observed
Methodology
Values are taken from DEWA’s statement as reported by WAM; the source’s approximate qualifiers are retained.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.wam.ae ↗
- Science and technologySuggested
- Subject suggested from the title or summary: digitalwww.wam.ae ↗
Geographic references
Only source-provided geographic references are shown. Opening an external map is optional. Optional story maps use OpenStreetMap. Opening a map sends your IP address and this site’s address to the map provider; location data remains readable as text without loading the map.
- United Arab Emirates · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.wam.ae ↗
- Dubai · Dubai, United Arab Emirates · Place role: Place mentioned by source · Place type: City · Location precision: Approximate
55.28, 25.252222 (longitude, latitude)
EvidenceOpen this point in OpenStreetMap ↗- Explicit article mention: Dubai. Country agrees with the preserved article scope. Gazetteer reference only; event location is unconfirmed.www.wam.ae ↗ungegn.un.org ↗ungegn-api.azurewebsites.net ↗