Energy Sector in Saudi Arabia: Altaaqa
Emad K. Mukhalalaty, Managing Director of Altaaqa talks about energy sector and power infrastructure.
Saudi Arabia’s Future Energy Mix: 40% Renewables, 35% Gas and 20% Oil
In 2014 we tendered many projects. Our record is, we submitted 11 tenders between 2013 and 2014, losing only 1 bid. So we enter 2015 with 10 new projects on hand.
Desalination market worth SAR 70 bn over the next 5 years
The figures can be deceiving. You might hear figures like 300 or 400 billion. Desalination is a very tough business that requires a lot of engineering. Even if you have resources, you have what are called ‘technical capacity limitations’ and you need to do an environmental impact study. So there are other factors that dictate the uncontrolled expansion of the desalination market. Several issues need to be taken into consideration including environmental impact, engineering capabilities, the availability of first class EPC contractors etc.
Power Sector in Saudi Arabia Growing by 7.5% per Annum
The power sector is growing rapidly, at the rate of 7.5% per annum, which is not easy to manage. Today, any power plant, that is just developing, will require 2 to 5 years for it to be ready for production. 50% of the population today is under the age of 20.
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Saudi Arabia – No Longer a One-Basket Economy
The Kingdom of Saudi Arabia and oil are some of the oldest synonyms in contemporary history. But the kingdom has more to offer than black gold, and the government in Riyadh is working tenaciously to diversify the economy. “If you compare it by GDP, oil represents 85 percent in Saudi Arabia,” says Abdulrahim Al-Zamil, Chairman of the multi-industry conglomerate Zamil Group.
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Doing Business in Saudi Arabia is the Easiest According to Zamil
Abdul Rahman Al-Zamil, Chairman of Zamil Group
Without any hesitation I can tell you that doing business in Saudi Arabia is the easiest of all of these countries. Easy business doesn’t mean only government procedures.
Renewable Energy Projects in Saudi Arabia: 43 Gigawatts by 2030
Emad Al-Shamma, CEO of Al Khafrah Group Holding
We are investors and developers. The concepts that we operate in are very simple; we would like to see the proper industrialisation of Saudi Arabia by bringing new technology into the country. We are not using a copy and paste concept; instead, we are being very innovative.
Allowing Private Sector to Start Renewable Energy Projects in Saudi Arabia
“I believe it is time for the private sector to step in and start privatising utilities. Why shouldn’t the private sector start their own power generation plants, where they can have their own utility generation units making 200 to 500 megawatts, which they sell to the government or to the electricity authority?,” asks Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
Al-Khafrah Holding: Industrial Projects in Saudi Arabia
“Al-Khafrah Holding Group is a privately owned company, established by Sheikh Mubarak Al-Khafrah. We have multi-departments and sections responsible for renewable energy, industrial investments, real estate development and property development,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
Renewable Energy in Saudi Arabia: Demand for 43 Gigawatts by 2030
“So many people are coming to Saudi Arabia because they know that there is going to be demand for 43 gigawatts of renewable energy in Saudi Arabia by the year 2030,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.