http://www.zawya.com/story/MD__CEO_of_DEWA_receives_delegation_fr...

http://www.zawya.com/story/MD__CEO_of_DEWA_receives_delegation_from_IBM-ZAWYA20131012070553/

"DEWA have also started implementation of smart meters project, where DEWA is planning to replace 72,000 meters annually, to achieve a complete replacement of mechanical and electromechanical meters with smart meters within 5 years, based on an average of 250,000 meters replaced every year."

The NTC 2012 presentation had 1.2M units as the potential prize so it is consistent with the numbers quoted in this article. I still can't find any info who will be supplying the meters. If I don't hear anything by the end of the month, I will shoot off an email to NTC.