Mena energy investments to exceed $805bn by 2025

Mena energy investments to exceed $805bn by 2025

Energy investments across Middle East and North Africa could exceed $805 billion over the next five years amid rising demand in the region and the revival of crude output in places such as Libya.

Renewables, which are increasing as a share of the power mix, particularly in the oil-exporting countries of the region, will rise to 40 per cent of the overall share. Cleaner energy will account for $250bn worth of investments in the utilities sector over the next five years.

With the completion of several large projects in the region in 2020, committed gas investments will decline by $9.5bn to $75bn.