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FINANCIAL NEWS
Saudi power demand grows 8 percent annually
03 Apr 2014
(MENAFN) Saudi Arabia’s consumption of power saw a steady, unchanged growth, and is expected to continue growing at the same pace, according to Arab News.
Electricity demand in the kingdom hit an 8 percent average annual growth in the last decade, with the number of subscribers significantly rising by an average of 5.2 percent.
Housing sector consumes 50 percent of the Kingdom’s total electricity production, registering the strongest demand among all sectors.
Industrial electricity consumption, in the meantime, grew by an average of 6.9 percent.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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