Saudi Arabia and other Arab countries need to spend $89 billion on power plants

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SOURCE: Gulf News

Date 16.04.2018

The six nations belonging to the Gulf Cooperation Council (GCC) — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — need to spend $89 billion to add 43GW over the next five years, according to APICORP estimates.

The UAE and Saudi Arabia lead the way with expected investments worth $33 billion and $21 billion, respectively, it said.

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