The UAE will spend $3.8 billion on power projects in 2021
There are over $46 billion of active power projects in UAE. ABiQ estimates the UAE will spend more than $3.8 billion during 2021, making it the largest spender in power sector in the Middle East and Africa.
Over the last decade, the UAE has embarked on a diversified power generation program. Abu Dhabi has invested billions in its Barakah Nuclear power program. Dubai developed the Hassyan coal-fired power plant on an IPP basis to the south of the city. Hassyan includes the development of a coal import terminal. In parallel, the Dubai Electricity and Water Authority (DEWA) invested heavily in solar at the Mohammed Bin Rashid Al Maktoum Solar Park.
ABiQ estimates that the UAE will spend $3.8 billion in 2021 on these projects currently under construction, making the UAE the largest spender on power projects in the Middle East and Africa region.
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