Kippreport looks into the new trend and the change in strategyNovember 29, 2015 5:01
Power in the GCC
February 8, 2010 4:58 by kippreport
Currently, the UAE accounts for 10.7 percent of the GCC’s entire energy consumption, followed by Saudi (7 percent) and other member states (between 4 and 6 percent).
The region’s current installed power capacity is around 75,000 megawatts (MW), but estimates vary as to how the demand will increase over the next five to 10 years.
In 2007, the World Energy Council estimated that the GCC countries would require 100,000MW of additional power over the next 10 years; other estimates predict that the demand for power in the GCC will increase by 9.5 percent per year.
Separate figures estimate that the region will need between 55,000MW and 60,000MW of additional power by 2015. Saudi Arabia is expected to need another 2,000MW annually during the next 10 years, the UAE is forecast to see demand grow from around 15,000MW in 2008 to 40,000MW in 2020.
Supermarkets across the UAE scale down in size
Dubai’s Synergy Group named Leaders in Corporate structuring
Zameen.com launches Windows app
Crazydeals.com banks on customer convenience to strengthen its footing in MENA region
Cluttons: Prices fall again for Dubai property market