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FINANCIAL NEWS
KSA power investment to hit USD79 b by 2020
25 Sep 2013
(MENAFN) Saudi Arabia will invest USD79.9 billion in electronic power by the end of 2020, Saudi Gazette reported.
The investment plan aims to increase production capacity, develop transport networks and stations, and all associated systems.
Sawary Energy Vice President said the Kingdom is facing a lot of challenges in the sector with production capacity standing at 54 MW last year. He added that the Kingdom needs to add about 5,000 megawatts a year, and that every one thousand megawatts need around USD3.9 billion in investments.
He focused on the role of electric diesel generators in promoting economic development and advancing the overall sustainable development that ocurring in the Kingdom over the past years.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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