According a recent report by Frost & Sullivan, the GCC is expected to invest nearly US$73 billion in power generation and T&D projects and add 36 GW of generation capacity in the next five years.

Electrical Industries Co. (EIC) was awarded a contract worth US$37.3mn to supply the Kuwaiti Ministry of Electricity and Water with oil-type distribution transformers.

Utico Middle East confirmed that it has won orders valued at over US$4 billion to manage utility projects across the GCC.

Saudi Electricity Company (SEC) has awarded KEC International a US$881mn deal for supply and construction of transmission lines on turnkey basis, which is expected to be completed in 24 months.

A Deloitte report entitled "Energy on Demand: The Future of GCC Energy Efficiency", shows that per capita electricity consumption during the period 2007-2035 in the GCC is likely to increase at an annual rate of 2.5 per cent.