One sector Saudi Arabia is pushing hard to develop is its domestic automotive industry. The national strategic plan, part of the Ninth Development Plan ( 2010-14), included automotive development as one of the central pillars of Saudi industrial strategy. In fact, the automotive industry is seen as part of a larger industrial project whereby...
A rising population and fast-expanding energy-intensive industries will continue to fuel Saudi Arabia’s growing demand for water and electricity in the coming years. In early 2016 Abdullah bin Abdul Rahman Al Hussein, the minister of electricity and water at the time, said that the country expects peak electricity to hit 90,000 MW in 2022. As...
With some analysts expecting Saudi Arabia’s population to expand by just over 8m to reach 39.1m by 2030, along with continued growth in the Kingdom’s energy-intensive industries, demand for electricity and desalinated water is set to rise considerably in the coming years. Estimates suggest that more than SR500bn ($133.3bn) will need to be...
How can energy storage for solar generation, particularly in emerging markets, be improved?
At an industry conference in June 2015, Ali Al Naimi, Saudi Arabia’s former minister of petroleum and mineral resources, hinted that his country could phase out the use of fossil fuels by the middle of this century. While some have called this projection unrealistic, it demonstrates the significant political will driving the Kingdom’s...
Saudi Arabia has long been a major investor in its military, with defence outlays representing a significant portion of the national budget. Despite the drop in oil prices since mid-2014, which in the short term is having a noticeable impact on the government’s military spending, defence outlays are likely to continue to grow, with multi-billion-dollar contracts still being signed. While...
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