wiredinUSA April 2015

32-33 / 80

wiredInUSA - April 2015 wiredInUSA - April 2015 33 32
ASIA
AFRICA
NEWS
&
Research from consulting firm Frost & Sullivan
suggests the market for power cables across
theMiddle East will be boosted by investment
in the Gulf Cooperation Council (GCC)
interconnection power grid.
“The Gulf Cooperation Council (GCC)
interconnection power grid project, which
has been drawing huge investments from all
participating countries, will drive the need for
power cables,” said Frost & Sullivan’s energy
and environmental consultant, Mohammed
Faraz Khan. “The first phase of the project
has brought in capital of around $1.1 billion,
indicating its potential to rejuvenate the
Middle East power cables market.”
Investment in the power infrastructure and
construction sectors across the Middle East
are fueling growth in power cables contracts,
with the 2022 FIFA World Cup in Qatar and
2020 Expo in the UAE also expected to
contribute.
Frost & Sullivan research concludes that
the private sector’s contribution to power
generation can be expected to grow from
7.4 percent to over 17 percent by 2020, with
Saudi Arabia alone contributing around $100
billion.
ASIA / AFRICA NEWS
Middle East
cable boost