MEE Saudi. Power generation under the Riyadh sun
MEE Saudi. The first edition of Middle East Energy Saudi took place for 15 to 17 October. The location is always that of the Arabian Peninsula, the organization in the hands of the agency Informa Exhibitions, the scenario is that of the Opec’s backbone. Dubai is really close and the format is repeated: energy under the microscope, […]
MEE Saudi. The first edition of Middle East Energy Saudi took place for 15 to 17 October. The location is always that of the Arabian Peninsula, the organization in the hands of the agency Informa Exhibitions, the scenario is that of the Opec’s backbone. Dubai is really close and the format is repeated: energy under the microscope, including power generation. Placed on the 15,000 square feet exhibition, the MEE Saudi exhibitors are mainly energy providers and power operators. It looks like a natural integration with MEE Dubai, the well-know and leading event which will take place from 5 to 7 March 2019 in the Emirate’s capital.
POWER GENERATION IN DUBAI? WE GOT IT!
MEE Saudi. Why here, why now?
Why MEE Saudi? It’s easy! The event is strategically aligned with the Saudi Vision 2030. Informa communicates that: «There is a lot of activity currently taking place in the Kingdom which is at the forefront of a regional power investment drive. According to a ‘GCC Power Market’ report commissioned for Middle East Electricity 2018 by Ventures Onsite, the value of power construction contracts awarded throughout the GCC in 2018 hit approximately US $23.6 billion». Basically it’s a 41 per cent increase. Saudi Arabia leads the awards ranking, accounting for 59 per cent of contract value. And which countries follow Saudi Arabia in this ranking? United Arab Emirates and Kuwait. So, it’s like saying that the strategical energy crossroads of the future is the same who monopolized the energy scenario after World War II. Informa says that: «This upsurge in the value of contracts reflects the vibrancy of the region’s power sector where governments are looking to meet spiraling demand – between 7 to 8 per cent a year. The Kingdom is also seeking investment of up to US$7 billion to build about 4,000MW of renewable energy capacity, as well as targeting 40 gigawatt hours of energy savings in 2018 as part of the country’s economic diversity and environmental sustainability objectives».
Born to be… ‘power’ leader
Deep Karani, Exhibition Manager, Middle East Electricity Saudi, said: «Our plan is to grow Middle East Electricity Saudi to become one of the Kingdoms leading platforms for the power industry to come together, share ideas, trade and network at the highest level. Now that the doors are finally open, we are already seeing a lot of networking with thought leaders, government policy makers, academics and top executives who are all discussing successes, issues and future challenges for the regional and global power industry».
