Source:Â www.ameinfo.com
The Power + Water Middle East exhibition and Leaders’ Forum to open by His Excellency Abdulla Saif Al-Nuaimi, Director General of Abu Dhabi Water and Electricity Authority (ADWEA), as latest research reveals there are 44 power and water projects in the GCC valued at $31.9bn already underway or due to begin in 2012.
The UAE leads the way with 11 projects valued at $10bn, including the $800m Hassyan 1 Independent Power Plant, on which construction is slated to begin in 2012.
Saudi Arabia also has 11 new projects underway or due to start in 2012, valued at $8.6bn, including the $2bn Al Qurrayah Independent Power Plant (IPP). In Kuwait, ten projects are underway valued at $3.4bn, seven of which will begin construction in 2012.
Bahrain has three projects valued at $4.1bn, including the independent water and power plant in Al Dur, which has been ongoing since 2008. Qatar has three projects valued at $3.3bn, while Oman has six projects valued at $2.5bn, all of which will begin construction in 2012.
The latest figures – released by market research specialists Ventures Middle East – highlight the enormous opportunities for the more than 100 local and international suppliers and contractors exhibiting at Power + Water Middle East next week, taking place from 16 to 18 October at Abu Dhabi National Exhibition Centre (ADNEC).
“The latest developments in the power and water sectors of the GCC countries underline the fact that the region is not only one of the fastest growing but also holds the most potential of global electricity markets,” said Anita Mathews, Exhibition Director for Power + Water Middle East.
“The power sector in the GCC region has seen exponential growth ranging from 10 to 15% annually in many of its member states, with demand for electrical power to triple over the next 25 years,” said Al-Nuaimi.
“Similarly, the water industry is expected to be worth $70bn over the next ten years. Power + Water Middle East will also continue to grow significantly as the region’s leading event in the power generation and water industries.”
Organised by Informa Exhibitions and presented in partnership with Abu Dhabi Water and Electricity Authority (ADWEA), the Power + Water Middle East Leaders’ Forum will discuss the progress being made in the field of ‘Developing Sustainable Business Practices’. More info
