wiredinUSA April 2015

INDEX

Middle East cable boost

ASIA AFRICA NEWS &

Investment in the power infrastructure and construction sectors across the Middle East are fueling growth in power cables contracts, with the 2022 FIFA World Cup in Qatar and 2020 Expo in the UAE also expected to contribute. Frost & Sullivan research concludes that the private sector’s contribution to power generation can be expected to grow from 7.4 percent to over 17 percent by 2020, with Saudi Arabia alone contributing around $100 billion.

Research from consulting firm Frost & Sullivan suggests the market for power cables across theMiddle East will be boosted by investment in the Gulf Cooperation Council (GCC) interconnection power grid. “The Gulf Cooperation Council (GCC) interconnection power grid project, which has been drawing huge investments from all participating countries, will drive the need for power cables,” said Frost & Sullivan’s energy and environmental consultant, Mohammed Faraz Khan. “The first phase of the project has brought in capital of around $1.1 billion, indicating its potential to rejuvenate the Middle East power cables market.”

ASIA / AFRICA NEWS

wiredInUSA - April 2015

wiredInUSA - April 2015

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