Meanwhile, many economies in Asia, Africa and the Middle East remain tied to power-hungry heavy industry, mainly to churn out raw materials and consumer goods. CAPTIVE AUDIENCEThese countries are not just cheaper places to produce raw materials. They are also some of the fastest-growing consumers of cement, steel, plastics and related products. Making cement, steel and chemicals is notoriously energy-intensive, and producers need abundant, cheap power to stay competitive. Top 20 countries by cement and steel capacity under constructionIn fast-growing, cost-sensitive economies, the energy system becomes industrial policy.

Source: The North Africa Journal January 31, 2026 05:18 UTC