DAMMAM, 30 June 2003 — The Saudi electricity sector will need investments of $90 billion over the next 20 years, according to the Dubai Center for International Research and Studies (DCIR) and the Gulf Organization for Industry Consultations (GOIC).
Experts at the DCIR said the Saudi government worked according to a strategy with specific timed plans to develop the country’s economy and meet the increasing challenges in all sectors, especially electricity and power.
“Saudi Arabia has already started the development process in this sector by compacting water and electricity into one ministry and by giving an important and effective role to the Services Planning Authority in the open market in order to exchange power in the Kingdom and to activate competition in the Saudi private sector,” one specialist said.
