APICORP anticipates $792bn investments in MENA energy over 5 years

APICORP anticipates $792bn investments in MENA energy over 5 years

Comments Off on APICORP anticipates $792bn investments in MENA energy over 5 years. The report also indicates that investments in the Gulf Cooperation Council (GCC) region increased 2.3%, compared to a 6% decline across the MENA region as a whole.. The Energy Investments Expectations Report 2020-2024 indicates that most of the total energy investments will be driven by number of mega projects in several MENA region countries.. APICORP said the private sector's share in energy projects investments has decreased to 19%, compared to 22% in last year's outlook.. The gas sector recorded the highest leap in planned investments, seeing a $28bn increase in investment volumes, or equivalent to a 13% increase, compared to last year's outlook.. Other prominent investments have taken place in Al-Zoor in Kuwait, at $6.5bn, and the Satorp Admiral project, worth $6.34bn, in Saudi Arabia.. Electricity generation sector investments recorded an estimated decrease of about $114bn following the completion of several projects in Egypt, the UAE, and Saudi Arabia in 2019..