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MENA to invest $525b on energy projects till 2016
Published in The Saudi Gazette on 09 - 11 - 2011

Middle Eastern and North African oil producing countries will invest $525 billion on energy projects from next year to 2016. Countries such as Saudi Arabia, the UAE, Iran and Algeria have increased spending on energy projects for the next five years as current high oil prices are allowing them to resume projects that were delayed because of to the financial crisis, the Arab Petroleum Investments Corp. said.
Saudi Arabia will top the list with committed investments of $141 billion, followed by the UAE that is planning to invest $76 billion in that period, according to Apicorp. Against this backdrop, The Middle East Turbomachinery & Pumps Expo (METPE), the first-of-its-kind conference to be held in UAE, has announced six instructional workshops for engineers and other technical professionals in the gas turbine & pumps field.
The workshops to be held on June 9-10 at the Al Raha Beach Hotel, Abu Dhabi, will provide hands-on training for professionals seeking to broaden their knowledge and proficiency in various gas turbine & pumps topics, including maintenance and repair. The training will take place in conjunction with METPE Expo in June 2112.
The event will bring together engineers and researchers from around the world to discuss recent technology advancements in engine design, materials, operations and maintenance, noise reduction, alternative fuels, combustion diagnostics, and micro-turbines, among many other topics.
Organized by Arabian Reach in association with the Kirkuk Energy Council, Iraq, the conference will support the exchange of information focused on improving the design, manufacture, operation and maintenance, and environmental impact of gas turbines, turbo-machinery, pumps, valves and related equipment. The turbo machinery, pump and valve manufacturers and service providers are snuggling up to their lucrative Middle East customer base.


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