2013-01-31 14:36:45 - Saudi Energy 2013 to address energy demand, expand market opportunities
January 31, 2013
Saudi Arabia’s energy sector has been experiencing rapid growth due to burgeoning demand, economic expansion, and solid investment flows. A 13 per cent average electricity generation growth rate is needed by 2015 to meet demand; investments in electricity projects to address supply requirements have already cost SAR 140.7 billion in 2012 alone. Around SAR 502.5 billion worth of power generation and water projects are being lined up for the next decade to drive electrical generation upwards at around 49 per cent through 2019.
The Kingdom’s power sector is on track to remain the most dynamic in the GCC area over the next few years; macroeconomic and demographic indicators point to a strong medium-to-long-term outlook as well.
and effective solutions to address the Kingdom’s surging energy demand will be unveiled during Saudi Energy 2013 – the 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, Lighting & HVAC running from May 26 to 29, 2013 at the Riyadh International Convention and Exhibition Centre. Regarded as one of the largest and most specialized energy exhibitions in the Middle East and held under the patronage of the KSA Ministry of Water and Electricity, Saudi Energy covers major aspects of the energy domain, as it features four concurrent events that are: SAUDI ELENEX, SAUDI LUMINEX, SAUDI AIRCON, and SAUDI WATER TECH.
“Factors such as a region-leading economy, ongoing structural reforms, a growing and young population and a diversifying business landscape are all boosting KSA’s demand to raise its energy output to unprecedented levels. By 2022 we could see electricity projects collectively worth SAR 300 billion up and running across the country. The rapid expansion of the Kingdom’s energy sector requires keen insights on specific consumer needs, market and partnership opportunities, best practices, and the right technologies – all of which are precisely what Saudi Energy 2013 aims to deliver,” said Khaled Daou, Project Manager of Saudi Energy at Riyadh Exhibitions Company.
Saudi Energy is certified by the UFI – The Global Association of the Exhibition Industry. Last year’s edition welcomed 338 exhibitors and 7,941 visitors from 11 countries. Saudi Energy 2013 is organized by the Riyadh Exhibition Company. Complete event details are available at www.saudi-energy.com