$500bn investment needed
01 January 2009
The Middle East will require investments of more than $500 billion in electricity infrastructure to facilitate economic growth in the coming years.
At the same time, several countries in the region lag behind in their infrastructure planning. Increasing supply-demand imbalances, power outages and soaring electricity prices might be the consequence, according to leading management consulting firm A T Kearney.
“While investments are estimated to be more than $500 billion by 2030 for the region, forecasting of energy demand is not accurate. Many countries are still behind in forecasting and capacity planning,” said Dr Dirk Buchta, managing director of A T Kearney Middle East.
“As a consequence, customers could suffer from increasing supply-demand imbalances, power outages and soaring electricity prices,” he added.
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