By Abu Dhabi City Guide
The Middle East energy sector is witnessing a surge of fresh investment in 2012, with 97 new power and water projects worth US$32.7 billion in 12 countries having started construction since the beginning of this year, or due to begin before year’s end.
In the UAE, ten power and water projects worth US$1.5 billion have been slated to begin construction in 2012, including the US$740 million Noor 1 solar power plant, and Phase 2 of the US$580 million Emal Power Plant.
Morocco has injected US$4.4 billion into seven projects this year, and has placed a strong emphasis on renewable energy, with the Ouarzazate Solar Power in Olant, and four wind farms in Taza, Laayoune, Tetouan, and Tangier, all set to go ahead.
Kuwait has given the green light for 19 power and water projects worth US$4.2 billion, highlighted by the US$2.7 billion Al Zour North Independent Water and Power Plant… Read more