MANAMA: Middle East Electricity, the largest and longest running energy event in the region, is set for a grand opening today in Dubai, as a record number of exhibitors prepare to showcase their products and services in a region desperate for more power.
More than 1,100 exhibitors from 60 countries will be out in force at the three-day event, which runs until Tuesday at the Dubai International Convention and Exhibition Centre.
They will be looking to capitalise on a booming regional power sector, led by the GCC nations. According to a recent report by the Kuwait Financial Centre, Gulf countries are surging ahead with 430 power projects valued at $227 billion, with 230 of those currently under planning.
The report, called GCC Power 2012, said that the six Gulf states are expected to spend $46.2bn on future power projects by 2015, adding an additional 24,395 megawatts of capacity to their power grids - an increase of between seven to eight per cent annually.
Read more: http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=347598
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