Taqa, the Abu Dhabi-owned energy company, wants to develop its Middle East business as regional unrest accelerates demand for power and the company’s Emirati links give it scope to venture in places that other investors fear.
After years of buying assets around the world, Taqa aims to focus on its work in countries from the western reaches of north Africa to the tip of the Gulf peninsula, as political change brings potential commercial dividends.
The strategy shows how companies that are comfortable working in the region see the upheaval as a long-term boon for business, even as this year has seen economic growth and foreign investment plummet in countries hit by unrest.
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