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United Arab Emirates Power Report Q1 2014

United Arab Emirates Power Market: New market analysis published


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2014-02-07 20:50:01 - United Arab Emirates Power Report Q1 2014 - a new market research report on companiesandmarkets.com

Our bullish outlook for the UAE power sector remains in place this quarter, as the UAE authorities at both federal and emirate levels continue to prioritise generating capacity expansion programmes. Although we question whether targets will be met with the anticipated speed, the government and its parastatal utilities are doing most things right, with the country expanding its electricity mix to include a wider range of fuel sources, spanning from traditional steam and gas turbines to carbon-light technologies, such as renewables and nuclear.

The UAE is not without its challenges. However, it is seen as one of the more stable Gulf states over the long term, with a small, wealthy population; no history of terrorism; and no sectarian tensions to speak

 

 

of.

Additionally, the Country Risk analysts remain bullish on the economic outlook for the UAE as a wealth of data point to continued growth. With consumer and business sentiment looking positive, the outlook for household consumption and fixed investment is particularly bright over the coming quarters, effectively supporting plans for hikes in generating capacity. With more than US$8bn to be invested in the period up to 2020, the market is expected to remain highly attractive to regional and international developers.

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