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| The Business of... |
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| Power in the GCC |
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With the Gulf states experiencing rapid population growth, the associated rise in demand for power has led to a lot of investment in infrastructure: Recent reports estimated that ongoing power projects in the GCC are worth up to $162 billion. Earlier this week, for example, the UAE signed two deals worth $83 million to build power stations in the Northern Emirates; electricity generation in Saudi Arabia is estimated to increase by 38.2 percent between 2009 and 2014, according to a report by Business Monitor International.
With the GCC’s demand for electricity having increased at three times the global average over the last few years, Kippreport takes a look at what is being done to prevent a future power crisis.
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