Abhay Bhargava | Al Bawaba

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Power consumption across the GCC has grown at an annual rate of about 9 percent since 2002, and Saudi Arabia and the UAE account for 75 percent of total GCC consumption

October 16th, 2011 - 08:04 GMT

Gulf nations will spend $45b to expand power generation

There are 361 power projects underway in the GCC at a total value of $277 billion, with 70 percent of them in Saudi Arabia and the UAE.