DEWA reports 95% reduction in bank-guarantee processing time

WAM reported on 3 October, citing DEWA’s CEO, that the company’s smart bank-guarantee system reduced processing turnaround time by 95%. It handles around 2,500 guarantees annually worth approximately AED1 billion. That figure represents guarantee value, not company revenue or cost savings.

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Conceptual AI editorial illustration; not a documentary photograph of the event.