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FINANCIAL NEWS
GCC to invest USD250b in electricity sector by 2018
12 Jun 2013
(MENAFN) Gulf Cooperation Council (GCC) is heading to invest USD250b in Power sector by 2018, reported Times of Oman.
A study shows that the heavily investment will be important to the GCC future and will shape the industry.
The study added that demand for power and electricity will rise 8 to 10 percent over the next 10 years.
It is worth noting that Dubai and Abu Dhabi have some of the world’s highest levels of electricity use per capita.
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