Saudia Arabia to lead $1 trillion regional energy investment surge

Planned investments account for much of this forecast, with $613 billion worth of commitments already in the pipeline.

Equally, the power sector accounts for the largest share of these at $348 billion, with an increasing number of countries looking to diversify their energy mix with the introduction of LNG-led and renewable solutions.

Within this, Saudi Arabia is leading the way with $140 billion worth of existing investments having already been announced, followed by Iran, Egypt and the United Arab Emirates (UAE).

According to new research from the Arab Petroleum Investments Corporation, the energy sector in the Middle East and North Africa is expected to receive $1 trillion in new investments during the next five years.