01 Feb 2012
(MENAFN) The Arab Petroleum Investment Corporation (APICORP) said that by 2016, the UAE would be forecasted to invest USD76 billion in energy projects, reported Emirates 24/7.
The affiliate of the 10-nation Organization of Arab Petroleum Exporting Countries (OAPEC) added that despite the current political turmoil in the region, Middle East and North Africa (MENA) region’s total energy capital requirements during 2012-2016 would be estimated at USD525 billion, recording the highest point since the start of the recession caused by the 2008 global financial crisis.
The Dammam-based corporation also said that Saudi’s investments in the energy sector were the highest in the region, with USD141 billion, mostly generated by the state-owned Saudi Aramco and SABIC.
It is worth noting that a little more than two-thirds of the energy capital investment potential was located in the same 5 countries, namely Saudi, UAE, Iran, Qatar and Algeria.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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