JEDDAH: Energy consumption in the Kingdom is witnessing an unprecedented growth, prompting a wave of investments expected to reach SR 502.5 billion for various power generation and water projects in the next decade, say officials.
Being the third largest water consuming country in the world with an average consumption reaching 280 liters per day per capita, the Kingdom has earmarked up to SR 202.5 billion in various water projects to be completed by 2022, while energy projects are expected to cost SR 300 billion, including SR 13.875 billion in lighting projects recently awarded by the Ministry of Water and Electricity,reported Arab News on Tueday.
Khaled Daou, project manager of Saudi Energy at Riyadh Exhibitions Company was quoted by the newspaper as saying that the sharp increase in energy consumption in Saudi Arabia has been driven mainly by rapid social and economic development. (QNA)
