Power-Gen Seminar to Present Saudi Arabia’s $80 Billion Power Sector Expansion
The Kingdom’s expanding population, which stands at 27.1 million, is the largest in the Gulf region. In order to support its increasing population and industrial base, the Saudi Government has strategically mapped out a $400 billion investment program to diversify the country’s economy. The power generation sector is a key component of the government’s plan, as the demand for electricity expands by nearly 8 percent each year and is set to reach 60,000 megawatts (MW) by 2025.
In response to the long-term increase in electricity demand, the Saudi Electricity Company (SEC), the largest utility company in the Arab world, has planned an $80 billion industry upgrade for power generation facilities, substations, and transportation and distribution lines. The SEC has planned at least 34 power projects over the next eight years, ranging from 20-30 MW extensions to projects in excess of 1,600 MW. In total, the projects are designed to add more than 21,000 MW of capacity. Central to the expansion program are five independent power projects valued at $20 billion which will run through 2017.
The Power-Gen seminar will feature a panel that includes leaders from major private and public sector entities, outlining sector growth and discussing the numerous ways in which U.S. companies can take part in the Kingdom’s expanding industry. Panelists include: Edward Burton, President and Managing Director, U.S.-Saudi Arabian Business Council; Amer M. Kayani, Minister Counselor for Commercial Affairs, Embassy of the United States in Riyadh, Saudi Arabia; Eng. Saad Al-Dekhayl, Executive Director of Power Generation Engineering and Projects, SEC; Eng. Sulaiman Al-Rumaih, Vice President, Ali A. Tamimi Company; and Hadi Al Juwaiser, General Manager, Projects and Business Development, Rezayat Group of Companies.
The seminar is free and open to all attendees of Power-Gen International. The U.S.-Saudi Arabian Business Council will be exhibiting at booth #1571.
About the USSABC
The U.S. Saudi Arabian Business Council (USSABC) was established in December 1993 to improve the mutual knowledge and understanding between the private sectors of the U.S and Saudi Arabia and to promote and facilitate increased trade and investment between the two countries. The USSABC has built a membership base of 400 leading companies in the U.S. and Saudi Arabia and serves as the central source of information and assistance for companies that want to pursue specific business activities in Saudi Arabia. The USSABC organizes conferences and seminars in both countries to promote dialogue between the two private sectors, as well as trade and investment missions that provide networking opportunities for U.S. and Saudi companies. For more information on the Business Council, please visit www.us-sabc.org.
Vice President, Business Development
U.S.-Saudi Arabian Business Council