UAE's Crescent Investments entered into partnership with Russian power supplier

UAE-based Crescent Investments and Inter Rao UES, a Russian power generation firm, have signed an agreement to jointly expand their activities in the MENA region.

Inter Rao has 20 subsidiaries in 14 countries. The two companies have seen a big future in power generation in the region (The GCC countries will invest $160 billion to develop 180GW of new capacity by 2019, and Iraq alone is expected to rebuild 14-16GW of capacity in the next five years at a cost of $25 billion).

To see more investment firms like Crescent Investments check our Middle East Investors Directory

More details follows