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Saudi Arabia Report
Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
StoriesNovember 16, 2022
Saudi Elenex to Showcase World-Class Novel Ideas in the Ever-Transforming Field of Power and Energy
- Written by Sandra Francisco
- Published: November 16, 2022
The Kingdom of Saudi Arabia is registered as having one of the highest energy consumptions per capita in the world with its population growth and the rapid pace of industrialization. Power consumption in Saudi Arabia is three times more than the world average and has grown at a compound annual growth rate of 6% over recent years. The total power transmission of Saudi Electricity Company (SEC) has also increased significantly, which indicates a growing future demand for electricity and water in Saudi Arabia.
The government has announced a plan to install 41 GW of solar capacity and invest $109 billion in line with a comprehensive plan to produce 54GW by 2032. Saudi Arabia aims to continue increasing its power generation capacity from 77 GW in 2014 to 156 GW by 2040.
The combined investment is being put forth to make a shift towards renewable mechanisms such as solar, wind, and nuclear sources of energy. The plan is to secure half of the country’s electricity needs from alternative sources of energy in the coming 20 years.
In this context, the 23rd edition of Saudi Elenex is set to showcase world-class novel ideas in the ever-transforming field of power and energy. The international show for electricity, alternative energy, water technology, and lighting is a demonstration of unique discussions and exhibits in the respected sector across Saudi Arabia.
Aligning itself with the progressive goals of Vision 2030, the event aims at displaying the essentials for a key sector by including central discussions and encouraging the placement of unique inventions in relation to energy technologies, transmission and distribution, solar energy technologies and services, as well as modern lightning products and technologies.
With every year, Saudi Elenex has grown in its magnitude, creating an avalanche of innovative thinking from across the world. Organized by REC, the pioneer and leading trade events and exhibitions organizer in the Kingdom, this year’s event is set to be held from 14 to 17 November 2022 at the Riyadh International Convention and Exhibition Center, alongside Saudi Build 2022, which reflects on the construction sector and key pioneering initiatives in the field.
Saudi Elenex will allow exhibitors to display products, services, and technologies to thousands of corporate visitors representing multinationals, SMEs, and large-scale organizations from Saudi Arabia, the GCC, and across the world; but also get insights over the trends, challenges, and budding projects in the sector through the help of keynote discussions and relevant dialogue with participating experts. Exhibitors will also have the opportunity to network with government officials, international buyers, consultants and industry specialists; create long-term and mutually beneficial partnerships with local companies to launch joint ventures and projects of common interest; as well as amplify brand presence in the Saudi market and the wider Middle East region.
Visitors will also be able to explore the latest innovations, technological advancements, and R&D areas of focus in the industry showcased by international and local corporations; interact with representatives of leading local, regional, and international enterprises; network with influential decision makers and industry leaders that are equally enthusiastic about energy development in KSA; identify profitable business prospects and set one-to-one meetings; as well as benefit from exclusive limited-time offers being promoted by exhibitors and gain insights from keynote discussions.
ABOUT REC: Riyadh Exhibitions Company (REC) was launched in 1980 in Riyadh, the prominent Arab hub in the region, and has been a pioneer in the events field in Saudi Arabia and the region by offering a broad range of event organizing services for trade shows, conventions, conferences, and seminars. Since formation, REC has planned and executed more than 440 events spanning vital commercial and economic sectors in the country.
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