KSA diesel generators market to cross $250mn
KSA's electricity growth ranges between 15-20 per cent annually
The size of diesel generators market in Saudi Arabia will exceed US $250mn amid increasing demand due to the 'inability of the current facilities to meet the increasing electricity growth which ranges between 15 to 20 per cent annually', Sawary Energy vice president Sami Akeel said.
Akeel attributed this to the high economic growth rates achieved by the Kingdom, which are by far faster than the global rates, stressing that Saudi Arabia is growing as a result of the ecosystem stability, increased economic activity rates, and high domestic and foreign investment.
The continuous investments of the Kingdom in developing the infrastructure and the diversified economic performance have contributed to the growth of electric diesel generator market in the Kingdom.
Akeel confirmed that electric diesel generators market has witnessed remarkable leap and development characterised by the high quality services.