Saudi pumps $3.7bn into green projects
Riyadh, May 14, 2014
Saudi Ministry of Water and Electricity has invested about $3.7 billion in cutting edge lighting solutions to regulate the consumption of electricity and reduce its wastage across the kingdom, said an expert.
These projects are aimed at saving 40 per cent of the consumed energy, remarked Fahad Al Athel, the deputy general manager, Riyadh Exhibitions Company, the organisers of 'Saudi Energy 2014' expo.
The leading global trade exhibition for electricity, power generation, alternative energy, water technology and lighting will take place from May 26 to 28.
According to him, the demand for energy is at an all time high in Saudi as it experiences a rise in all forms of lighting - including lighting setups for factories, energy plants and airports, emergency lighting systems for office and residences and other innovative lighting solutions like the ones used in economic cities and universities.
Saudi Energy, stated Al Athel, will aim to throw the spotlight on the latest products and services for the power sector.
The event is one of the largest and most functional energy exhibitions in the region encompassing all segments of the sector. Driven by an upsurge in demand for power and massive regional investment in the sector, specialized companies will be present at the event to promote their offerings to the visitors from the Middle East which will enable them to gain entry into the lucrative Saudi power industry.
Saudi Energy will also be a platform for the local companies to look up to the international corporations for possible collaboration to achieve their target.
"The Saudi Ministry of Water and Electricity is on the look out for new technologies and innovative lighting solutions which can tremendously decrease electricity consumption and its waste thereby reducing the burden on non-renewable energy resources," explained Al Athel.
"Saudi Energy 2014 is a highly relevant exhibition that seeks to contribute positively to the Saudi’s growing energy sector. The event will be a leading gateway for the international energy experts to interact with their local peers and discuss new trends along with cooperation opportunities in the kingdom," he added.
Saudi Energy 2014 will witness visitors and exhibitors from the government agencies, power production companies, power corporations, factory operators, construction and development companies, service providers, large industrial companies, and distributors and retailers.
The event will host nearly 314 exhibitors from 28 countries who will showcase their products, services and technologies to more than 7,500 professional visitors from Saudi Arabia and the region, said the organisers.
It will also offer a chance gain first-hand experience of fresh technologies and new equipments and stay abreast with the industry and market developments in the region, they added.-TradeArabia News Service