Expectations of an increase in energy demand in Saudi Arabia in the coming years

ArabiaWeather.com - Frost & Sullivan, a consulting firm, expected that Saudi Arabia would pump more than $100 billion into the renewable energy sector. To meet the sharp rise in energy demand.

The Corporation expected that energy demand in Saudi Arabia would increase by 45% over the next 25 years. That is, from 69 gigawatts in 2014 to about 100 gigawatts in 2040, equivalent to the size of energy demand in the rest of the Gulf Cooperation Council countries combined.

In a report issued last Monday, on the occasion of the World Future Energy Summit in Abu Dhabi, the Corporation stated that the Kingdom plans to spend $109 billion to produce 54 gigawatts of renewable energy by 2040.

She added that Saudi projects will account for about 70% of the total value of renewable energy projects in the Gulf Cooperation Council countries in 2020, according to the Lebanese newspaper Al-Hayat.