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

  • 13 years ago (2013-04-13)
  • David Flin
Middle East 376

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.
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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.