uae plans to invest 76 billion in energy sector
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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UAE plans to invest $76 billion in energy sector

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Emiratesvoice, emirates voice UAE plans to invest $76 billion in energy sector

Abu Dhabi - Qna

The United Arab Emirates is planning to pump a whopping $76 billion into projects to develop its hydrocarbon sector over the next five years, to become the second largest Arab energy investor after Saudi Arabia. According to the Dammam-based Arab Petroleum Investment Corporation (Apicorp), an affiliate of the 10-nation Organisation of Arab Petroleum Exporting Countries (Oapec), estimates showed energy capital investments in the Middle East and North Africa (Mena) could total around $525 billion during 2012-2016.

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