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.
**Written and disseminated to select contacts on March 10, 2020**
The move is intended to remind senior members of the ruling Al Saud family that, should King Salman suffer a debilitating health issue or die, current Crown Prince Mohammed bin Salman (MbS) will succeed smoothly, and any attempt to disrupt his succession will be thwarted and dealt with severely.
Neil Quilliam | CEO Castlereagh Associates | firstname.lastname@example.org