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Gulf States Power Investment Demand Over $110 billion in Next 4 Years
Release time:
2017-02-16
According to a report by Ventures Onsite, a construction consulting company, in 2016, the installed power capacity of the Gulf countries was 148GW, accounting for 47% of the Middle East and North Africa region. Electricity demand in the region will grow by 8% annually by 2020, requiring an additional 69GW of installed capacity and an investment of about US $137 billion in related construction (US $85 billion) and transformation and transmission (US $52 billion). The Gulf States invested $25.52 billion in electricity in 2016.
According to a report by Ventures Onsite, a construction consulting company, in 2016, the installed power capacity of the Gulf countries was 148GW, accounting for 47% of the Middle East and North Africa region. Electricity demand in the region will grow by 8% annually by 2020, requiring an additional 69GW of installed capacity and an investment of about US $137 billion in related construction (US $85 billion) and transformation and transmission (US $52 billion). The Gulf States invested $25.52 billion in electricity in 2016.
Electricity investment needs in the region exceed $110 billion in the next four years.
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