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FINANCIAL NEWS
French GDF Suez expects ME power boom within next decade
17 Apr 2013
(MENAFN) GDF Suez CEO, Dirk Beeuwsaert, said he expects the amount of gas power stations in the Middle East to increase dramatically within the next five to ten years, reported Arabian Business.
He added that the region’s power consumption is expected to increase by 6,000 megawatts annually within the next decade.
The French gas and power company also stated that Saudi Arabia will be the most power hungry nation, requiring up to 3,000 MW capacity a year.
It is worth noting that many of the Gulf states are looking into increasing the capacity of their renewable energy sector.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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