Energy firms in GCC to capitalize on smart energy revolution
(MENAFN) A notable number of energy firms and investors from the GCC and the Mideast are viewing a main transformation in power distribution and supply as utility service providers are gearing up to capitalize energy revolution.
Accordingly, M&A deal values doubled to almost USD300bn in 2016 from USD150bn in 2012, while deal volumes have also grown by 45 percent from 544 in 2012 to 790 in 2016.
Additionally, energy technology bolt-ones has underpinned the future of the global energy industry as firms respond to the seismic move in energy distribution and supply.
Accordingly, M&A deal values doubled to almost USD300bn in 2016 from USD150bn in 2012, while deal volumes have also grown by 45 percent from 544 in 2012 to 790 in 2016.
Additionally, energy technology bolt-ones has underpinned the future of the global energy industry as firms respond to the seismic move in energy distribution and supply.
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