Demand for energy in the Middle East to grow by 3.35% annually to 2035

Population growth, rising prosperity, expanding access, the movement of goods and people, roll out of COVID-19 vaccines, and fiscal response to the economic crises expected to be the main drivers of growth in the energy sector in 2021

  
Demand for energy in the Middle East to grow by 3.35% annually to 2035
  • Four-week virtual Middle East Energy reaffirms its commitment to driving further interconnectivity of the region’s energy system when it begins next week on 17 May 2021 

Dubai, UAE: Middle East Energy will spotlight the increasing demand for energy, which is set to grow by 3.35% per annum for the next 15 years in the region, as the Middle East and North Africa’ (MENA) population is estimated to grow by 20% to reach 581 million in 2030 and a further 24% by 2050 to hit 724 million, according to statista.

In light of the increasing demand and the apparent need for increased connectedness and interoperation in response to the COVID-19 pandemic, there is a strong economic case for deepening and extending regional cooperation in the energy supply.

The four-week online networking conference series that starts next week on 17May, is set to facilitate the convergence of the global and regional energy ecosystem and connect energy professionals from far-reaching corners of the globe to gain a deeper understanding of the benefits of the interconnectivity of the energy system.

Claudia Konieczna, Exhibition Director, Middle East Energy, said: “In key regions such as the Middle East, where energy resources are imbalanced, increased integration of energy systems will increase broader market integration and drive sustainable development.

“As a truly international event, with 75% of visitor registrations from outside the UAE, representing 112 countries, Middle East Energy facilitates positive networking and partnership opportunities by bringing together the private sector with governments and utilities to boost regional integration.”

A recent example of the increased integration of energy supply is the acceleration of the move to create a Pan-Arab Electricity Market in response to the coronavirus pandemic. Aiming to revolutionise the electricity sector in the Middle East by increasing electricity trading from 2% to 40% by 2035, the integrated market also offers significant opportunities for renewables and private investment in the regional electricity supply.

Middle East Energy begins on 17 May with the Renewable & Clean Energy sector week, which will provide a platform to explore the strengthening momentum of the global transition to renewable energy. Particularly, as the International Energy Agency predicts that renewables are on track to set new records in 2021 solar PV and wind are set to contribute two-thirds of renewables growth.

Speakers include Turki Al Shehri, CEO, ENGIE, who will present the session Race to net zero: how will the corporates transition towards the “New Energy” scenario on Tuesday 18th May.

The Transmission & Distribution (T&D) sector takes place on 24 May in response to the enormous opportunities within the T&D industry. With post-COVID-19 recovery measures expected to drive a lasting shift in the global energy mix, reliable generation together with well-balanced T&D networks will be crucial in driving the economic recovery in the post-COVID-19 world.

Speakers during the sector week include European Smart Grid Federation Principal, Juan Marco, who will participate in the Balacing grids during the energy transition: alternating energy sources (smart grid, IoT, AI) and Anita Otubu, Head – Project Management Unit, Renewable Energy Association of Nigeria, who will be speaking at the session Creating stable grids with variable resources: incorporating alternating energy sources into the existing grid system.

With continuous power supply more important now than ever for mission-critical facilities such as hospitals, IT data centres, industrial and infrastructural units, and energy setups, the Critical & Backup Power sector week, which starts on 31 May, will bring together the key players in the global backup power market to highlight progressive energy solutions.

During the sector week Joel Sam, Impact Research Lead from African Green Co will lead on the session Making energy accessible to all: the opportunities and challenges around off grid power.

The four-week conference series will conclude with Energy Consumption & Management from the 7 June, where the focus will be on the bourgeoning MENA smart lighting market, estimated to be worth over $2 billion by 2030, and helping to protect and maintain power supply and improve energy efficiency in the region.

Stephane le Gentil, COO and acting CEO of Abu Dhabi Energy Services, will be a speaker during the session, Reducing energy consumption of buildings.

“We anticipate that through our robust and detailed conference offering and our unrivalled networking opportunities, Middle East Energy online will act as a catalyst in helping the MENA region achieve its energy goals. As we gear up for the return of the event for the 46th year in just a few days, we look forward to showcasing the enormous opportunities of an industry that has stood resilient throughout these challenging economic times,” concluded Konieczna.

A host of exhibitors have been confirmed for the virtual showcase, they include Perkins, Lucy Electric, Ensto Novexia, Clenergy, Koncar, Cummins Ltd, as well as the Korea Electrical Manufacturers Cooperative pavilion.

The event is held under the patronage of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and hosted by the UAE Ministry of Energy & Infrastructure.

To register for the 2021 virtual event, please click on the following link, https://bit.ly/3vRoGyU. To enquire about participating in the 2022 live event, please contact claudia.konieczna@informa.com

-Ends-

Connecting businesses for over 40 years, Middle East Energy, an Informa Markets event, has been an essential part of the economic expansion of the Middle East, introducing new energy solutions to the region to support the build of infrastructure, real estate and commerce. It is now helping governments, organisations and SME’s diversify the generation and supply of energy and build a sustainable future.

Informa’s global energy portfolio will in 2021 bring together the entire spectrum of the industry in sector-focused virtual weeks, from May to June and year-round through its sister publication, Energy & Utilities.

Media Contact
JAMES LAKIE
General Manager
Tel : +971 4 365 2711 | Mobile : +971 50 153 6544
E-mail: james.lakie@shamalcomms.com
Office 3208, Indigo Icon Tower
Cluster F, Jumeirah Lakes Towers
PO Box 502701 | Dubai, United Arab Emirates
Website: www.shamalcomms.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases