New power, water and energy projects valued at $180 billion (Dh662.04 billion) are underway or in the planning stages in the Middle East, as the UAE forges ahead with 20 projects worth $34.2 billion.
Spearheaded by the $20 billion nuclear power plant in Abu Dhabi, which began construction late in 2011, the UAE will be one of the most active markets in the power, water and energy sectors over the next two years, at a time when power demand across all Gulf Cooperation Council (GCC) countries is expected to grow eight to ten per cent annually.
Saudi Arabia holds the lion's share of investment value in the region, due to the $100 billion King Abdullah City of Atomic and Renewable Energy, which begins construction in 2013. The kingdom also has a further 15 projects worth nearly $9 billion underway or due to begin in 2012.
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