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FINANCIAL NEWS
Saudi diesel gensets market to hit USD700m by 2020
06 Aug 2015
(MENAFN) Diesel gensets market in Saudi Arabia is projected to cross USD700 million by 2020, Saudi Arabia Diesel Gensets Market Forecast & Opportunities, 2020 report said.
In 2014, eastern, northern and central parts of the country accounted for around three-fourths of the overall demand for diesel gensets.
Residential sector has been growing consistently in Riyadh and Jeddah and both of these regions are expected to fuel growth in diesel gensets market in the coming years as well.
Saudi Arabia’s economy is predominantly dependent on the country’s vast crude oil reserves. Consequently, a large number of government initiatives are being directed towards development of non-oil sectors.
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