$300b Mideast boom to spur electricity sector

DUBAI - The $300 billion development boom under way in the Middle East, particularly the AGCC countries, is presenting massive business opportunities for lighting and electricity sectors in the region.

By A Staff Reporter

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Published: Sun 20 Jun 2004, 10:34 AM

Last updated: Thu 2 Apr 2015, 12:08 PM

According to IIR Exhibitions, organisers of Middle East Electricity, wide ranging and substational opportunities have also been sparked by plans to privatise large scale power and water projects in some AGCC countries while fast climbing demand for both power and water in the region necessitate additional capacity every year.

The huge investments, estimated at some $300 billion, in numerous residential, commercial, tourism, leisure and entertainment projects, will trigger a drastic boom in demand in the lighting and electricity sectors.

"The accelerating pace of development in the region gives good cause for manufacturers and suppliers to be at the Middle East Electricity 2005. We are already over 75 per cent booked for 2005 with numerous requests for space at the event," said Sarah Woodbridge, Exhibitions Director, IIR Exhibitions.

Major projects under way in the region include the $5 billion Dubailand, the $2.5 billion Doha Pearl Project, the $1 billion new Doha Airport. Also several hotel chains have announced plans to boost their network with investments totalling several billion dollars.

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