10 Oct 2011
(MENAFN) The Arab Petroleum Investment Corporation (Apicorp) said that in order to meet increasing local demand, over the coming five years, GCC countries would be forecasted to invest over than USD58 billion in power projects, reported Emirates 24/7.
Apicorp added that the Gulf oil producing countries would also add around half the expected additional power general capacity in the Middle East and North Africa (MENA) region.
It also said that the GCC countries would invest around USD58.2 billion in power projects, East Arab countries would invest USD27 billion, West Arab countries would invest around USD13 billion, other Arab countries would invest USD1.8 billion and Iran would invest USD25.8 billion.
It is worth noting that the GCC investments will represent around 46 percent of the total capital needed for electricity development projects in the MENA region.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more