This strong Arab representation reveals a concentration of investments in the North African region, which is experiencing a boom in energy projects, especially those reliant on natural gas and oil. This reflects the significant potential these countries have in terms of resources and infrastructure.
According to recent data, the list of the top 10 African countries with the most capacity under development represents a clear focus of investment concentration, as they collectively account for about 58.2 gigawatts, which is approximately 91% of the total capacity under development in the continent.
It is confirmed that African countries are working on developing around 104 oil and gas power plants out of a total of 1,307 plants globally, according to Global Energy Monitor data.
Nigeria tops the list of the top 10 African countries with oil and gas power generation capacity under development, as follows:
– Nigeria: 18.5 gigawatts
– South Africa: 10.4 gigawatts
– Libya: 10 gigawatts
– Morocco: 4.7 gigawatts
– Algeria: 4.6 gigawatts
– Mozambique: 3 gigawatts
– Angola: 2.7 gigawatts
– Sudan: 1.8 gigawatts
– Tunisia: 0.9 gigawatts
In June, a new report issued by the International Monetary Fund revealed that there are three Arab countries among the largest economies, which are Egypt, Algeria, and Morocco.
