Forming the foundation pillars upon which the economic development of the country is based, The Power and Water desalination Industry in the GCC nations is characterized by a limited source of supply struggling to cater to the escalating demand fuelled by increasing population and improved standards of living. Spurred by a buoyant economy and population growth, over US$ 250 billion will be invested in the GCC water and desalination projects, over the next 10 years. Subsequent to its revolutionary discovery of hydrocarbons about three decades back, the GCC economies have come a long way into establishing themselves as a fast developing region boasting modern amenities and facilitating high standards of living. In an ardent quest to remove the tarnished impact of an impoverished desert with limited prospects for economic development, the governments across GCC have increased spending on job creation and infrastructure expansion and are opening up utilities to greater private sector involvement.
Whilst Privatization occupies the centre stage in the overhauling process of Power and Water sector, the initiatives towards alternative energy sources in the form of Solar and Nuclear power, as alternatives to the heavy dependence on the hydrocarbons sector, particularly to replace natural gas as a primary fuel in power generation, has been considered a highlight of the regional power reforms. The emergence of alternative power sources will enable GCC nations to successfully diversify their economic growth from a predominantly oil based economy thus bracing themselves against future adversities arising from oil fluctuations.
The fervent efforts of the GCC Governments in enforcing legislations to conserve water in addition to their avid focus on desalination and waste water treatment, highlights the significance given by these economies to meet the demand for water. Faced with the inherent disadvantage of extreme scarcity of ground water, the GCC nations are doing everything within their power to conserve and improve the supply of water through desalination and waste water treatments. As part of its overhauling measures, the regional governments are also educating the masses on conserving this valuable resource in addition to plans on introducing marginal pricing relative to the increasing usage to deter increase in demand as well as to manage the costs of production.
On the basis of years of tracking both power and water sector development, and maintenance projects, the team at Ventures Middle East aims to explore the dynamics surrounding the GCC power and water desalination industry in this study. The study in particular provides a regional perspective on the size and value of Power and Water sector covering the vital statistics on the installed capacity, production and demand for power and water besides providing an analysis of the contractor awards and construction spends in the power and water sector. The study also provides a strategic assessment of the Industry landscape by providing an analysis of the Political, Economic, Social, Technological, Legislative and the Environmental trends impacting this high growth Industry.
This study provides a comprehensive understanding of the complete market dynamics of the Power and Water sector to assist players interested in assessing the market opportunities in this robust and dynamic market.
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