23 July 2017
RIYADH – Over 70 local and foreign investors from the renewable energy sector participated in an investor dialogue session hosted by the Saudi Arabian General Investment Authority (SAGIA) on Thursday as part of Saudi Arabia’s National Renewable Energy Program (NREP).
The jointly run session with the Renewable Energy Project Development Office (REPDO) from the Ministry of Energy, Industry and Mineral resources (MEIM) was the 3rd meeting in SAGIA and REPDO’s campaign to highlight the unique and lucrative opportunities in Saudi Arabia’s renewable energy sector. The session also provided investors with the opportunity to openly engage with government officials to align on project specifics and the Kingdom’s national priorities.
Discussions focused around the recently announced solar energy projects under the NREP, Saudi Arabia’s long term and multifaceted renewable energy strategy, designed to balance the domestic power mix to deliver long term economic stability and prosperity to the Kingdom, whilst working towards the commitments for carbon reduction.
Eng. Turki Al Shehri, Head of REPDO, began the session by presenting the NREP and its projects’ timeline and phases, in addition to the industrial localization and Saudization initiatives within the program. The majority of the meeting, however, was devoted to Q&A, allowing investors ample opportunity to have their queries addressed by REPDO and SAGIA officials.
Eng. Mohamad Al-Abdalla – Power & Water Investment Manager at SAGIA, said: “SAGIA is pleased to host the NREP 3rd Investor Dialogue Session as part of our commitment to work with our colleagues across the government to promote investment opportunities in the Kingdom”
“We are delighted to partner with REPDO to create an open and effective platform for dialogue where local and foreign investors can learn more about the renewable energy projects in Saudi Arabia that will help us realize our Vision 2030 national objectives, contribute to economic diversification, and create jobs for Saudi citizens.”
Al Abdalla noted that Thursday’s session was one of many meetings with investors to come: “These investor dialogue sessions will be a key pillar within the ongoing development of the Saudi renewable energy sector for months and years to come. I would encourage all investors to contact SAGIA to attend these session should they be interested in the opportunities in the Saudi renewable energy market”
RIYADH – Over 70 local and foreign investors from the renewable energy sector participated in an investor dialogue session hosted by the Saudi Arabian General Investment Authority (SAGIA) on Thursday as part of Saudi Arabia’s National Renewable Energy Program (NREP).
The jointly run session with the Renewable Energy Project Development Office (REPDO) from the Ministry of Energy, Industry and Mineral resources (MEIM) was the 3rd meeting in SAGIA and REPDO’s campaign to highlight the unique and lucrative opportunities in Saudi Arabia’s renewable energy sector. The session also provided investors with the opportunity to openly engage with government officials to align on project specifics and the Kingdom’s national priorities.
Discussions focused around the recently announced solar energy projects under the NREP, Saudi Arabia’s long term and multifaceted renewable energy strategy, designed to balance the domestic power mix to deliver long term economic stability and prosperity to the Kingdom, whilst working towards the commitments for carbon reduction.
Eng. Turki Al Shehri, Head of REPDO, began the session by presenting the NREP and its projects’ timeline and phases, in addition to the industrial localization and Saudization initiatives within the program. The majority of the meeting, however, was devoted to Q&A, allowing investors ample opportunity to have their queries addressed by REPDO and SAGIA officials.
Eng. Mohamad Al-Abdalla – Power & Water Investment Manager at SAGIA, said: “SAGIA is pleased to host the NREP 3rd Investor Dialogue Session as part of our commitment to work with our colleagues across the government to promote investment opportunities in the Kingdom”
“We are delighted to partner with REPDO to create an open and effective platform for dialogue where local and foreign investors can learn more about the renewable energy projects in Saudi Arabia that will help us realize our Vision 2030 national objectives, contribute to economic diversification, and create jobs for Saudi citizens.”
Al Abdalla noted that Thursday’s session was one of many meetings with investors to come: “These investor dialogue sessions will be a key pillar within the ongoing development of the Saudi renewable energy sector for months and years to come. I would encourage all investors to contact SAGIA to attend these session should they be interested in the opportunities in the Saudi renewable energy market”
© The Saudi Gazette 2017
