Saudi Arabia's energy infrastructure investments will exceed $119 billion during 2007-2009, says a study.

The massive investment will provide considerable opportunities for all players involved in financing, delivering or supporting these projects, said the study titled 'Saudi Arabian Paradox: Opportunities & Challenges in the KSA Energy Infrastructure Market, 2008’, launched by energy management consultancy Contax Group.

“The biggest growth opportunities will be for refining and petrochemical projects, reflecting the kingdom’s desire to diversify from a strong
dependence on pure crude exports,” said Contax consultant Khalid Irshad.

The study also highlights significant challenges in the marketplace, most notably resource availability, and talent scarcity.

“Acquiring, retaining and training staff remains a key issue for Saudi Arabia and the GCC region,” warns Contax CEO, Paul Eccleston. “The kingdom faces challenges to attract an experienced workforce because the attractiveness of other countries continues to draw talent away from the kingdom.”

The study is based on in-depth interviews with business leaders at leading national and international organisations, including oil companies, financiers, and contractors, he said. - TradeArabia News Service