Saudi Arabia is planning to invest $101bn in renewable energy projects by 2030, according to Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, the Minister of Energy
This has created a positive sentiment among industry experts, who also point towards how the kingdom is able to sustain and accelerate renewable energy projects despite its recent foray into the renewable energy sector.
Additionally, the National Infrastructure Fund (NIF), which was set up in 2017 with an investment target of $53bn, is said to further drive investments in renewables.
Accelerating renewable energy projects
With one of the largest stakes in transportation and related infrastructure in the last decade supporting the kingdom’s Vision 2030, businesses in this respect are aimed at increasing the nation’s non-oil revenue.
In line with this, the second edition of the KSA Infrastructure Summit 2022 will conduct a panel discussion titled “Driving the growth of renewables infrastructure” focusing on conversations around Saudi Arabia’s ambition to accelerate the energy transition.
Panellists will debate on the kingdom’s renewable infrastructure and its ambition to accelerate energy transition to reach Net Zero by 2060. Discussions on Saudi Arabia’s increasing contribution of renewables into the energy mix, as well as the nation’s aims for Vision 2030 will be hotly discussed topics.
What is KSA Infrastructure Summit?
Construction Week Middle East has been closely following the growth of the construction and infrastructure sector in the kingdom and will continue to support its ambitious journey in the infrastructure sector through our numerous events and conferences in the country.
Scheduled for 29 March 2022, the KSA Infrastructure Summit 2022 will take place at the Hilton Riyadh Hotel & Residences, starting at 10:00 AM. We have an exciting line up of panellists as well as presentations from industry experts for our summit, now in its second year.
To find out more information about the conference, please visit the event’s microsite, or reach out to our Conference Production Manager, Sherdil Babar, at sherdil.babar@itp.com for any further assistance on the event.
For sponsorship opportunities, you can get in touch with our Commercial Director, Anup Nagpurkar, at anup.nagpurkar@itp.com or our Senior Sales Manager, Moutaz Gadelhak at moutaz.gadelhak@itp.com.
The event is supported by our Gold Sponsor Khatib & Alami, an international multidisciplinary consultancy firm actively involved in the construction and infrastructure sector in the kingdom and the Middle East.
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