Saudi to spend $134bn on power, water
Riyadh, April 10, 2013
Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach SR502.5 billion ($134.1 billion) for various power and water projects in the next decade.
Being the third largest water consuming country in the world with an average consumption reaching 280 litres per day per capita, Saudi Arabia has earmarked up to SR202.5 billion in various water projects to be completed by 2022, while energy projects are expected to cost SR 300 billion, including SR13.875 billion in lighting projects recently awarded by the Saudi Ministry of Water and Electricity, said a statement from Saudi Energy 2013 exhibition.
Offering the largest and most specialized energy exhibition targeting the Saudi market, Saudi Energy 2013, the 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, Lighting & HVAC, will be providing a comprehensive technology showcase covering all energy sectors from electricity generation and distribution to alternative and renewable energy technologies; modern lighting products and technologies; water and water resources management technologies; and HVAC.
Saudi Energy has increased in size as well as in number of exhibitors and expected visitors, establishing the trade event as the destination of choice for all stakeholders in the energy sector including government officials, investors and buyers.
Khaled Daou, project manager of Saudi Energy at Riyadh Exhibitions Company, said: “The sharp increase in energy consumption in Saudi Arabia has been driven mainly by rapid social and economic development. 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 that complement the government’s efforts to address the Kingdom’s spiraling energy generation needs.
“Saudi Energy has accordingly increased in size as well as in number of exhibitors and visitors each year as it provides the only dedicated platform that gathers all stakeholders of the energy sector to showcase the latest technological advances in the energy sphere. We are witnessing the same trend this year as a greater number of exhibitors have confirmed their participation, looking forward to take advantage of the lucrative opportunities within the burgeoning Saudi market.”
Saudi Energy will run from May 26 to 29 at the Riyadh International Convention and Exhibition Centre.
It will be attended by exhibitors from Austria, Bahrain, China, Germany, India, Canada, Czech Republic, Egypt and France, Italy, Korea, Romania, Saudi Arabia, Taiwan, Thailand, Turkey and the UAE. There will also be country and national pavilions from China, Korea, Romania, Turkey, Saudi Arabia and the UAE.
Four of Saudi Arabia’s top energy-related shows will be constituting Saudi Energy 2013: Saudi Elenex – the international electrical engineering, power generation and distribution exhibition; Saudi Luminex 2013 – the international lighting equipment show; Saudi Aircon 2013 – the international exhibition for air-conditioning heating, ventilation & refrigeration; and Saudi Water Tech – the international exhibition for water technology. – TradeArabia News Service