GCC to invest $100 billion in power sector in Middle East

GCC to invest $100 billion in power sector

Khaleej Times - 10 Mar 2007

Spurred by a buoyant economy and population growth, the GCC countries will invest $100 billion to generate 100,000 MW of additional power over the next 10 years to meet demand.

The UAE will account for a major share of the new investment in power and water desalination projects, with Dubai alone poised to spend Dh50 billion to almost double its power generating capacity to 9,500 MW.

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