Jon Gorvett
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.
UAE & Saudi Arabia: economic diversification through SMART tech
Saudi Arabia and the UAE are focusing on using advanced technology to foster economic growth as part of their broader development plans. The success of these initiatives will depend heavily on their ability to attract foreign investment. The UAE stands on a strong footing in this regard, while Saudi Arabia will need to make considerable progress in business environment reform and improving human capital.
