Summary The Covid-19 pandemic had a severe impact on the Middle East and North Africa (MENA) power sector in the first half of 2020. The lockdowns introduced to stop the spread of the virus saw in a decline in power demand as a result of depressed commercial and industrial activity.
New York, Oct. 26, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Middle East and North Africa (MENA) Power Sector Outlook 2020 – MEED Insights” – https://www.reportlinker.com/p05978811/?utm_source=GNW
While a halt in spending due to concerns over the fiscal impact of the crisis saw the value of power project contract awards in the region fall to $5.9bn in the first half of the year, 9.9 per cent down on the same period in 2019. As the recovery from the Covid-19 recssion picks up in the second half of 2020, the outlook for the regional power projects market is