Investment needed in MENA electricity
The MENA region needs around $250 billion in electricity investments during the next five years as demand is growing exponentially, according to a report released Monday.
The report, dubbed “MENA Energy Investment Outlook,” said power capacity in the region should increase by 7.8 percent annually, translating to a capacity 124 gigawatts.
The report was published ahead of Middle East Electricity 2013, one of the largest energy expos in the region, which will take place in Dubai in February. The Gulf Cooperation Council’s power sector will require $105 billion or 42 percent of total investments, the report said.