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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1479977

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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1479977

MENA Power and Energy Outlook and Growth Opportunities, 2024

PAGES: 74 Pages
DELIVERY TIME: 1-2 business days
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USD 4950

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Revenue from High Fossil Fuel Prices Drives Investment in Power Infrastructure

This Frost & Sullivan study assesses the power and energy industry in the Middle East and North Africa (MENA). It broadly classifies MENA countries into 3 groups. The first group comprises most of the Gulf states, which have high levels of investment relative to their population size because the governments can fund power investment from oil and gas wealth. These countries will continue to rely heavily on natural gas for power, but they will increase investment in renewables, particularly utility-scale solar PV. The second group includes a mix of large economies, such as Egypt, which has significant gas reserves but a large population that is still underserved in terms of power, Turkey, which has faced some investment challenges but is returning to stronger economic growth, and smaller medium-income countries, such as Morocco and Oman. The third group includes failing states, such as Iraq, Libya, Yemen, Syria, and Lebanon, which remain largely dependent on gensets and invest minimally in power infrastructure due to a lack of funds.

The study analyzes the top 5 country markets in detail, namely Egypt, Israel, Saudi Arabia, Turkey, and UAE, and it offers data for power generation investment forecast and power generation installed capacity and electricity generated. In addition, it examines the top predictions for 2024 and evaluates important industry dynamics, including natural gas's dominance, the rapid acceleration of solar PV investment, and the growing focus on grid modernization and regional interconnectivity.

The study also considers the most important growth opportunities for the industry during the forecast period, including the decarbonization of desalination and the energy infrastructure interconnection opportunities in the Gulf region.

The study period is from 2023 to 2035, and the base year is 2023.

Product Code: PFFA-27

Table of Contents

Analysis Highlights

  • Top Predictions for 2024
  • Top 5 Country Markets, 2023-2035
  • State of Play for Clean Power, 2023
  • State of Play for Clean Power, 2035

Transformation in the MENA Power and Energy Industry

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top Three Strategic Imperatives on the MENA Power and Energy Industry


  • Research Scope
  • Energy Sources the Study Covers

Growth Environment

  • Important Industry Dynamics
  • Trend 1: Natural Gas's Dominance
  • Trend 2: Rapid Acceleration of Solar PV Investment
  • Trend 3: Focus on Grid Modernization and Regional Interconnectivity
  • Trend 4: Increased Investment in Digital Power
  • Trend 5: Competitive Conditions Driving Hydrogen Investment
  • Trend 6: CCUS's Importance in Regional Decarbonization

Growth Generator

  • MENA Power and Energy Industry Investment Forecast
  • Power Generation Capacity Forecast
  • Power Generation Installed Capacity and Electricity Generated
  • Annual Power Generation Investment by Country

Power Generation Investment: Top 5 Country Markets

  • Egypt: Power Generation Investment Forecast
  • Egypt: Power Generation Industry Analysis
  • Egypt: Power Generation Installed Capacity and Electricity Generated
  • Israel: Power Generation Investment Forecast
  • Israel: Power Generation Industry Analysis
  • Israel: Power Generation Installed Capacity and Electricity Generated
  • Saudi Arabia: Power Generation Investment Forecast
  • Saudi Arabia: Power Generation Industry Analysis
  • Saudi Arabia: Power Generation Installed Capacity and Electricity Generated
  • Turkey: Power Generation Investment Forecast
  • Turkey: Power Generation Industry Analysis
  • Turkey: Power Generation Installed Capacity and Electricity Generated
  • UAE: Power Generation Investment Forecast
  • UAE: Power Generation Industry Analysis
  • UAE: Power Generation Installed Capacity and Electricity Generated

Growth Opportunity Universe

  • Growth Opportunity 1: Solar PV: Establish a Presence in the Solar Value Chain
  • Growth Opportunity 2: Energy Infrastructure Interconnection Opportunities in the Gulf Region
  • Growth Opportunity 3: Decarbonization of Desalination

Key Conclusions and Future Outlook

  • Key Conclusions and Future Outlook
  • Partial List of Abbreviations and Acronyms

Best Practices Recognition

  • Best Practices Recognition

Frost Radar

  • Frost Radar

Next Steps

  • Benefits and Impacts of Growth Opportunities
  • Next Steps
  • Take the Next Step
  • List of Exhibits
  • Legal Disclaimer
Have a question?

Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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