Key View:
Thermal power will remain the dominant source of electricity in the Middle East and North Africa region throughout our
forecast period to 2029, generating more than 90% of the region's annual average power supply over the next decade. Most state-
backed utilities will remain sharply focused on gas-fired power to drive growth in the sector, while private investment
drives renewables expansion, albeit through PPAs with government utility. We note that the combined impacts of the Covid-19
pandemic and oil price decline pose an upside risk to our conservative long-term renewables forecasts in many of the region's
markets, as governments may seek to boost power capacity growth through deregulation on private renewables investment amid
mounting economic pressure in the near term.
Table of Contents
- Key View
- Industry Trend Analysis
- UAE Power Mix To Significantly Shift From 2020
- Covid-19 Further Depresses Iran Fuels Demand Forecast
- Growing Competition Between Domestic And Foreign Contractors In Saudi Arabian Construction
- Industry Risk/Reward Index
- MENA Power RRI: UAE Remains Global Outperformer As Bahrain And Oman Underperform
- Regional Overview
- MENA Power Regional Overview: Thermal Power To Remain Dominant Despite Rapid Renewables Expansion
- Power Glossary
- Power Methodology
