Kingdom to invest $133b in power, water projects

Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach $133 billion (SR502.5 billion) for various power generation and water projects in the next decade, organizers of an industry event in the capital said.

Being the third largest water consuming country in the world with an average consumption reaching 280 liters per day per capita, Saudi Arabia has earmarked up to $53 billion (SR202.5 billion) in various water projects to be completed by 2022.

On the other hand, energy projects are expected to cost $79.9 billion (SR300 billion), including in lighting projects recently awarded by the Saudi Ministry of Water and Electricity.

Saudi Energy 2013 — the 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, Lighting & HVAC (heating, ventilation and air-conditioning) — will be showcasing technology covering all energy sectors.

This will range from electricity generation and distribution to alternative and renewable energy technologies; modern lighting products and technologies; water and water resources management technologies; and HVAC.

The event will be held in Riyadh from May 26-29. “The sharp increase in energy consumption in Saudi Arabia has been driven mainly by rapid social and economic development,” Khaled Daou, Project Manager of Saudi Energy at Riyadh Exhibition Company, said.

“As energy requirements hit new record highs each year, we are also seeing an increasing number of local and international suppliers, manufacturers and contractors offering a wide array of innovative products, services and technologies. “These complement the government’s efforts to address the Kingdom’s spiraling energy generation needs,” he said.

The event will be attended by exhibitors from China, Germany, India, Canada, France, Italy, Korea, Romania and Turkey, among others.