North Africa and the Middle East are ripe with opportunities for new power and water projects, said the CEO of state-owned utility firm Abu Dhabi National Energy Co (TAQA), which is eyeing expansion across the region after a foray into Turkey.
Last year's Arab Spring highlighted the region's urgent need for improved power and water supplies, believes TAQA's chief executive Carl Sheldon, who expects the company's future growth to come from building such infrastructure.
"One interpretation of the Arab Spring is that its the manifestation of rising expectations in young, growing populations. Within that bundle of expectations, inescapably, is the expectation of reliable utilities," Sheldon told Reuters in an interview on Wednesday.
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