Saudi to invest $300m in power grid links
Riyadh, May 2, 2012
Saudi Arabia will invest up to $300 million in projects that will link the kingdom’s new economic cities to the national power grid, said the organisers of an upcoming energy-infrastructure show in Riyadh.
Saudi Energy 2012, the 15th international show for electricity, lighting, power generation, water technology and HVAC for Saudi Arabia, will take place from May 7 to 11 at the Riyadh International Convention & Exhibition Center.
More than 250 major companies from 13 countries have already confirmed their participation at the event.
The event is one of the largest and most specialized energy exhibitions in the region, comprising four concurrent events collectively referred to as ELAW (electricity, lighting, air conditioning, and water).
“The participation of major suppliers, manufacturers and service providers from all over the world manifests the Kingdom’s reputation as one of the world’s most lucrative energy markets,” said Khaled Daou, project manager of Saudi Energy, Riyadh Exhibitions Company.
“Energy companies from all over the world understand the strategic importance of Saudi Energy as a unique platform that opens direct access to niche markets across the Kingdom. Moreover, Saudi Energy has been organized to boost the collaboration between the government and the private sector on strategies to address the growing local demand for energy.”
“With Saudi Arabia undertaking massive industrial development, the electricity demand has been expected to reach up to 67,000 MW by 2020, and this represents a huge growth opportunity for local and international energy companies,” he added.
Saudi Energy 2012 will reintroduce four of Saudi Arabia’s top energy-related shows: Saudi Elenex 2012: the 15th international electrical engineering, power generation & distribution exhibition, Saudi Luminex 2012, the 12th international lighting equipment show; Saudi Aircon 2012, the 13th international exhibition on air-conditioning heating, ventilation & refrigeration and Saudi Water Tech, the ninth international exhibition for water technology.
Saudi Energy is certified by the UFI, the global association of the exhibition industry, in recognition of its world-class activities prepared and managed under international standards. – TradeArabia News Service
More Energy, Oil & Gas Stories
- Taqa looking at share options
- Aramco seeks bids for power plant
- Qatar sets up $1bn energy infrastructure fund
- Sembcorp inks Oman utilities JV project
- Saudi diesel import set to hit record levels
- $1bn Salalah IWPP opened officially
- Saudi oil exports plunge in March
- Kuwait replaces top oil sector officials
- Iran to boost diesel exports to Iraq
- European oil price investigation widens