Rapid industrialization, population growth, urbanization, and increasing water desalination are the driving forces for power and water demand in the GCC.
These forces have pushed GCC governments to embark on a diversification strategy to meet the rising energy demand and support continued economic growth.
According to a report published by Research and Markets, the GCC power sector will require about $50 billion of investment in new power generating capacity and $20 billion in desalination. The GCC power and water contractor awards are forecast to increase from 2016 to 2017.
Ifpinfo
1 August
