Power sector in the Middle East has been growing strong for the past few years, attracting the international players to invest into the generation, transmission, and distribution of electricity in the region. According to a new research report by RNCOS, the Middle East countries, including the UAE, Jordan, and Turkey have shown a stupendous growth in electricity demand and installed capacity, and they are poised to expand significantly in near future. The report, “Middle East Power Sector Analysis” anticipates that the electricity installed capacity in Saudi Arabia will register a CAGR of around 7% during 2011-2014.
Research Analysis and Highlights
Highlighting the prime factors like increasing population, rapid industrialization, and booming construction sector which are pushing the demand for electricity in the region, the 105-page report foresees a burgeoning electricity sector in the Middle East with huge potential. An outcome of extensive research and objective analysis of the Middle East Power Sector, the study mainly focuses on potential regional markets, and provides country-level statistics and analysis on electricity installed capacity, supply-demand and consumption trends. A separate GCC grid interconnection analysis and country level renewable developments facilitate an all-round market understanding. The profiles of key players and recent developments are included in the report that aims at portraying an unbiased picture of the industry.
Some of the key findings of the report are:
- Oman represents the fastest growing power sector in the entire Middle East region.
- Qatar had record growth in power demand among the GCC countries, and by 2015, Doha's growing demand for power is
set to increase by 10.8%.
- The governments in the Middle East countries have liberalized policies pertaining to the electricity sector, and are currently
in the process of formulating privatization strategies.
- Focus rising towards developing renewable energy resources in the Middle-East countries.
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