Saudi Arabia to invest $133 billion for power generation and water projects

• 11 years ago (2013-04-13)
• David Flin

Middle East 326

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Energy consumption in Saudi Arabia is undergoing an unprecedented growth, prompting a wave of investments expected to reach $133 billion for various power generation and water projects in the next decade.

Being the third largest water consuming country in the world, with an average consumption of 280 litres per day per capita, Saudi Arabia has earmarked up to $53 billion in various water projects to be completed by 2022. $60 billion has been earmarked for power generation projects over the same period.