Saudi Arabia Energy Sector Research Highlights
Driving Saudi Arabia's economic transformation: Unleashing growth and innovation across strategic sectors
SaudiArabia’s Vision 2030 blueprint for socio-economic transformation is capturing international attention. Beyond high-profile projects and events, strategic cohesion and societal support are facilitating tangible developments on the ground.This publication examines the key sectors driving the Kingdom’s growth under the National Industrial Development and Logistics Programme (NIDLP),…
The Report: Saudi Arabia 2023OBGplus
The Kingdom of Saudi Arabia is experiencing a period of sustained economic growth, outperforming other G20 nations in 2022. This expansion is attributed to higher global energy prices, resulting in a fiscal surplus and supporting diversification efforts and the non-oil sector.
Why desalination could be solution to water shortagesOBGplus
Desalination is considered an expensive and energy-intensive process. However, mega-projects are seeking to tap renewable resources to limit the cost and environmental concerns associated with this crucial process. In June 2022 ENOWA, the energy, water and hydrogen subsidiary of Saudi Arabia’s NEOM mega-project, signed a memorandum of understanding with French energy company Veolia and Japanese trading…
Saudi Arabia develops green hydrogen capacity at NEOMOBGplus
With more than 1000 projects – nearly 800 of which are set to be commissioned by 2030 – requiring $320bn in investment having been announced globally, the hydrogen market’s growth is aligned with ongoing decarbonisation endeavours. Saudi Arabia, where oil revenue contributed an average of 75% of total budget revenue between 2010 and 2022, is at the forefront of this process. Guided by Vision…
How emerging markets are navigating the rising cost of solar energyOBGplus
With high energy prices and supply chain disruptions creating shortages of key renewable energy components and materials, emerging markets are reassessing how to build out utility-scale solar power to accelerate their energy transitions. After more than a decade of decline, the cost of solar photovoltaic (PV) panels has risen around the world, due primarily to the increasing cost of solar-grade polysilicon…
Global energy leader Saudi Arabia invests in renewablesOBGplus
Saudi Arabia’s energy strategy revolves around extracting maximum economic benefit from its remaining hydrocarbons reserves while expanding renewable power capacity at home by investing in research, development and innovation activities to develop clean energy solutions, as well as to reduce the environmental impact of fossil fuels. The Kingdom’s strategy is guided by forecasts of an eventual…
Majid Refae, CEO, Desert Technologies Industries: InterviewOBGplus
Interview:Majid Refae Where do you identify the immediate priorities for public and private stakeholders in green energy generation in Saudi Arabia? MAJIDREFAE: Saudi Arabia has implemented several renewable energy initiatives since 2011, including the National Renewable Energy Programme in 2017. The launch of the Saudi Green Initiative in 2021 showed the country’s commitment towards…
The Report: Saudi Arabia 2023: Energy & UtilitiesOBGplus
Saudi Arabia’s energy strategy revolves around extracting maximum economic benefit from its remaining hydrocarbons reserves while expanding renewable power capacity at home by investing in research, development and innovation activities to develop clean energy solutions, as well as to reduce the environmental impact of fossil fuels. Vision 2030 aims to generate 50% of domestic power from green sources…
ESF MENA – Middle East Energy & Sustainability Forum
Host sponsored by SABIC, ESF MENA supports the collaborations, discussions, and development of a sustainable energy future in which the Middle East’s downstream industry continues to play a leading role. Expect 3 days of interactive panel discussions, a pre-conference seminar hosted by WOOD and insightful technology presentations from major licensors and solution providers. Companies confirmed…