Foreign investments in Saudi Arabia grow by 5 times over last decade

The report has identified the energy sector as the one with the largest share of investments

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The Saudi Arabian General Investment Authority (SAGIA) has recently released a report showing that the Kingdom of Saudi Arabia’s (KSA) foreign investments have grown by five times over the last 10 years, resulting in over SR1.050 billion worth of investments across various industry verticals in the country. The report has identified the energy sector as the one with the largest share of investments, with a total of SR296.35 billion ($79 billion) worth of projects for the private sector alone.

SAGIA predicts that 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.

To help address the challenges presented by this fast growing segment, the 18th edition of the Saudi Power exhibition will take place on May 11-13, 2015 at the Riyadh International Convention & Exhibition Center (RICEC) under the patronage of the Saudi Ministry of Water and Electricity and in joint organization by Riyadh Exhibitions Company Limited (REC) and Informa Exhibitions.

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

An official from Riyadh Exhibitions Company Limited said Saudi Power 2015 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.

“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.”

Last year’s edition of Saudi Power witnessed a remarkable turnout of more than 8,000 visitors and 314 exhibitors comprising government authorities, leading industrial companies and high-level energy companies from over 28 countries around the world. This year’s edition is expected to draw a massive number of visitors and exhibitors from all over the world to discuss the latest developments and innovations in the energy sector. — SG

This article was first published in the Saudi Gazette on April 8, 2015.

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