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More than 34,400 trade professionals visited the Middle East Electricity Exhibition 2007. Over 20,640 of these came specifically to meet companies involved in the power generation sector.
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60%
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of visitors to MEE 2007 came specifically to meet companies involved in power generation
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The population in the Arab countries is currently increasing at an average of 2.2% to 5.5% per annum with the UAE growth rate at 7%. Dubai holds the top position worldwide with a population growth of 5.8% per annum. Source: Gulf News
According to the World Energy Council the GCC will require 100,000 MW of additional power over the next 10 years to meet demand.
Recent estimates are that $57 billion will be spent over the next six years in the Middle East & North African region on the installation of new capacity alone. $25 billion of this will be spent solely in the GCC, with the private sector to provide the majority of this.
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GCC power grid project contract value put at $3 billion
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Different sectors within the energy industry in the Middle East will require investments of more than $1 trillion over the next 20 years
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The UAE’s power sector needs more than $10 billion investment to meet growing energy consumption demand
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The government of Saudi Arabia plans to increase generation capacity from 17,000MW to 66,000MW by 2023, requiring investments of $17 billion
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Investments required in other Middle East countries are estimated to be: $3.6 billion in Kuwait; $800 million in Oman; and $1 billion in Bahrain
Projected Additional Capacity needed by 2010 Bahrain - 1200MW at an estimated cost of US$900 million Iran - 20,000MW at an estimated cost of US$10 billion Jordan - 750MW at an estimated cost of US$445 million Kuwait - 3,400MW at an estimated cost of US$2.5 billion Lebanon - 350MW at an estimated cost of US$175 million Oman - 1,100MW at an estimated cost of US$900 million Qatar - 800MW at an estimated cost of US$600 million Saudi Arabia - 20,000MW at an estimated cost of US$15 billion United Arab Emirates - 6,600MW at an estimated cost of US$5.1 billion Source: MEED
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>> Click HERE for more information on exhibiting at MEE 2008
>> Click HERE to learn more about current developments in the Middle East which offer business opportunities for companies in the power generation sector.
"It's our first time at the show and we came because the demand for energy and power products is on the increase in the region. There has been a fantastic level of interest on the stand - in the first three days, we have spoken to just about every country in the region". Scott E Nolen, Rolls Royce
We first participated at Middle East Electricity in 2001 and have been regular exhibitors since. Last year, our business grew 300% and Middle East Electricity played a part in that. We will certainly be coming back again in 2008". Dr. Yahya Shakweh, Advanced Electronics Co. Ltd.
"This is our third participation at Middle East Electricity and I must say that this year's show is even better than 2006 and the best that we have been part of. It's extremely busy and we've had so many visitors to our stand that I haven't had the time to look around the show yet". Patrick Gibbons, ASTA BEAB
"We're at Middle East Electricity because it is the biggest event in the Middle East for the energy industry, and as such is the ideal place for us to showcase our high quality power cables". Fatima Obaid Saleh, Ducab
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