GCC Power and Water – June 2021

The power and water sector continues to be the pillar of growth for the GCC economies. Currently, as the pandemic eases with the introduction of the vaccine, and mobility increases, there is a rebound in economic activity. As the GCC governments attend to huge financing needs due to the Covid-19 pandemic, the private sector is expected to play a heightened role in meeting the increased demand in power and water. Governments are significantly relying on independent power producers (IPPs) and independent water producers (IWP) to share the burden, adding significant capacity in recent years.