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$280bn INVESTED

Exhibitors at last year's Saudi Power show.

Foreign investments in Saudi grow five times in 10 years

RIYADH, April 7, 2015

Saudi Arabia’s foreign investments have grown by five times over the last ten year, resulting in over SR1,050 billion ($279.7 billion) worth of investments across various industry verticals in the kingdom, according to a recent report.

The report released by Saudi Arabian General Investment Authority (Sagia) has identified the energy sector as the one with the largest share of investments, with a total of SR296.35 billion worth of projects for the private sector alone.

The backlog across all energy-related segments will continue to grow in line with the country's ongoing increase in energy consumption levels throughout the past years, on one hand, and the improved work environment and better investment incentives and benefits provided to foreign investors in the local market, on the other hand, it predicted.

To help address the challenges presented by this fast growing segment, the 18th edition of the Saudi Power exhibition will take place from May 11 to 13 at the Riyadh International Convention and Exhibition Center.

The event represents great significance to the industry as it has been able to position itself as one of the leading international trade exhibitions in the region-gathering high-profile industry players from all over the world to discuss the latest developments and trends in the energy sector while also showcase the latest industry products, equipment and solutions.

Saudi Power will further shed light on the business and investment opportunities available within the Saudi Arabian market and opens the window of communication for all participants to build cooperative relations and solid partnerships.

The event will offer an educational platform to exhibitors and visitors to help increase awareness on the latest changes and technologies being used in the energy industry, according to an REC official.

“We look forward through this event to widen the scope of existing relations and provide new opportunities for participants to enter new partnerships and deals that are poised to help address the growing demand on electricity services in Saudi Arabia. We are confident that the outcomes of the event will have a great positive impact on driving more growth and competitiveness across the energy sector, which will automatically support the economic development in the kingdom,” he said. - TradeArabia News Service




Tags: Saudi Arabia | investment |

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