Investment Pumped into UAE Energy Sector

The UAE's investment in oil will increase dramatically over the next five years.

The UAE is now positioning itself to become the the second largest Arab investor in the energy sector with a massive $76 billion in funds to be placed in the sector over the next 5 years. The UAE’s investment in energy would place it  behind Saudi Arabia, with a projected investment of $141 investment, and ahead of Iran. Overall, figures show that capital investments in the MENA energy sector could top $525 billion between 2012 and 2016. Overall, two third of the region’s energy investment will take place in  Saudi Arabia, UAE, Iran, Qatar and Algeria, all countries that have not been affected by the upheaval of the Arab Spring.

Links: http://www.emirates247.com/business/energy/uae-to-pump-76bn-into-energy-2011-10-02-1.421373http://www.menafn.com/qn_news_story_s.asp?StoryId=1093446282