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Dammam – Saudi Arabia: The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, participated in the 11th Arab Energy Conference being held in Marrakech, Morocco. At the conference’s Third Ministerial Session held yesterday, APICORP’s Chief Executive Officer, Dr Ahmed Ali Attiga, presented the findings of the corporation’s most recent report on the investment outlook for the MENA Energy Industry. The agenda of the Third Ministerial Session was “Investment Requirements in the Arab Energy Sector.”
The report forecasts that the MENA region will see a number of critical energy projects pushed through over the next five years, despite the uncertain geopolitical backdrop. Around $345bn has been committed to projects under execution while an additional $574bn worth of development is planned.
Dr Attiga Ali Attiga, Chief Executive Officer of APICORP, commented: “I was very pleased to present APICORP’s MENA energy investment outlook at such an important session of this high-profile and significant event. As one of the most dynamic pan-Arab financial institutions in the energy sector, we are well placed to prepare such a report and this was an ideal forum at which to present it. Delegates to the 11th Arab energy conference will have learned many things this week, but we are hopeful that they found our report especially interesting and insightful.”
A full copy of APICORP’s MENA Energy Investment Outlook Report can be accessed here
The Eleventh Arab Energy Conference took place in Marrakech- Morocco, commencing 1st October 2018. The theme of the Conference was “Energy and Arab Cooperation.” Discussions covered: The Transformations in Global Oil and Gas Markets and their Implications for Arab Oil Exports; Energy Security as a Global Partnership; Investment Requirements to Develop the Energy sector in Arab Countries. Discussions also included Arab and World Energy Resources; Petroleum Downstream Industries in Arab Countries and the World; Arab Cooperation in Electric Power Field; and Energy Demand Management in Arab Countries.
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About APICORP
The Arab Petroleum Investments Corporation (APICORP) is a multilateral development bank established to foster the development of the Arab world’s oil and gas industries. The organisation was created under the terms of an agreement signed by the 10 Member States of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in September 1974. APICORP’s vision is to transform the Arab energy industry into a powerful force for the region’s economic progress. Driven by this vision, APICORP seeks to make equity investments and provide project loans, trade finance, advisory and research to the energy industry.
For further information:
Archie Berens
Hanover Middle East
Mobile: +971 55 559 7407
Email: aberens@hanovercomms.com
www.apicorp-arabia.com
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