Transformers Magazine, Vol. 8 No. 1, 2021.
Original scientific paper
GCC transformers market
Hassan Zaheer
; Power Technology Research
Abstract
GCC market has been having its ups and downs in the last few years. What used to be one of the most attractive T&D equipment markets might be losing its high place in the eyes of international manufacturers. A big part of it has to do with the region’s dependency on oil revenues, which, in the last few years, have not been stable, owing to the lower oil prices. Infrastructure consumption has reduced significantly over the years with austerity measures in place. In addition to this, the overall geopolitical situation in the Middle-East region has had its toll
on the GCC markets, making it difficult for international manufacturers to do business in the rest of the region using GCC countries as a regional base.
Keywords
Hrčak ID:
249880
URI
Publication date:
8.1.2021.
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