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.
The Middle East needs radical agricultural transformation
The region is facing a triple challenge: Emerging climate patterns herald a future where water resources lie below sustainable levels; rapid population growth is threatening to imperil food security; and over reliance on oil is curtailing governments’ ability to act. The situation requires new thinking on sustainability, scalable technological adoption and radical agricultural transformation.
