Middle East Economic Survey


No 36



GCC States Approve Budget For First Phase Of Joint Power Grid

GCC states have approved a budget of $1.25bn for the first phase of a power grid linking the six member countries, it was announced in Bahrain on 29 August. Gulf energy ministers last May approved a financing plan for the scheme (MEES, 17 May). The cost of the first phase, connecting Kuwait, Saudi Arabia, Bahrain and Qatar, will be met by Saudi Arabia (contributing...