Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Morocco will be a bright spot for investment in the MENA region over the next five years. Opportunities will be underpinned by solid underlying economic growth and a competitive business environment. Three particularly promising areas are export-orientated manufacturing, renewable energy and tourism.