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    Electricity Industrial Policies in the Middle East and their Implications for Korean Companies

    Kwon Hyung Lee; Sung Hyun Son; Yun Hee Jang; Kwang Ho Ryou | February 2018
    Abstract
    The electric power industry plays a significant role in promoting the diversification of the economic structure in Middle Eastern countries as a stable supply of electricity is necessary for the operation of manufacturing and logistics facilities. Towards this, construction projects for renewable power plants and other new power plants should be continued in accordance with the increasing demand of electricity in the industrial sectors. Various projects for the modernization of transmission and distribution networks and the establishment of a smart grid system should also be promoted to enhance energy efficiency in the use of electricity. Recently regulatory measures prohibiting inefficient electric products are being implemented to reduce waste of electricity across the region. Considering these industrial trends and new business opportunities in the region, it is necessary to examine sectoral policies and industrial environments for broader cooperation between Korea and the Middle East in the field of the electric power industry. In particular, the industry can offer more policy implications to small- and medium-sized enterprises that are aiming to expand their businesses into the Middle East, as many of the projects mentioned above involve ICT (information and communication technology) and electronic components.
    Citation
    Kwon Hyung Lee; Sung Hyun Son; Yun Hee Jang; Kwang Ho Ryou. 2018. Electricity Industrial Policies in the Middle East and their Implications for Korean Companies. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/8041.
    ISSN
    2233-9140
    Keywords
    Telecommunication Companies
    Rural Rehabilitation
    Biotechnology
    Interindustry Trade
    Industrial Policy
    Industrial Investment
    Industrial Development
    Small Scale Industry
    Medium Scale Industry
    Local Industry
    Transport Infrastructure
    Trade regulations
    Telecommunications Industry
    Computers
    Trade data interchange
    Access to markets
    E-Commerce
    Trade And Development
    Large Scale Industry
    Regional Trade
    Commerce and Industry
    Trade Negotiations
    Merchandise Trade
    Domestic Trade
    Computer Industry
    Trade Regulation
    intellectual Property Rights
    Rural development
    Unfair competition
    Supply and demand
    Energy policy
    Developing countries
    Industrial organizations
    Creative industries
    Investment banking
    Microfinance
    Financial planning industry
    Infrastructure
    Manufactures
    Business failures
    Wages and labor productivity
    Microelectronics industry
    Electronic industries
    Digital electronics
    Microelectronics
    Electronic commerce
    Business enterprises
    Digital
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8041
    Metadata
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    WEB18-04.pdf (412.0Kb)
    Author
    Kwon Hyung Lee
    Sung Hyun Son
    Yun Hee Jang
    Kwang Ho Ryou
    Theme
    Industry
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise