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.
Over the last decade the volume of container throughput handled at Saudi ports has nearly doubled, due in large part to privatisation, regulatory changes and high-tech equipment. With ever more attention directed towards capturing Red Sea trade flows, Riyadh’s port development objectives are part and parcel of its broader goal of diversification. However, a closer look at the port story shows inconsistent growth and an uncertain future, leading to concerns of overcapacity.