SAUDI ARABIA VISON 2030

THE SAUDI ARABIA CHALLENGE

  • Hydrocarbon sector GDP share is > 90%, large impact of low oil prices
  • Only 70% of hydrocarbon is exported, 30% for own eneregy use
  • Local energy demand in KSA rising
  • Economic diversification is essential
  • Alternative energy production required to drive economic development

DIVERSIFYING THE SAUDI ECONOMY

  • Transform into a global investment powerhouse.
  • A global trade hub connecting the three continents of Asia, Europe and Africa.
  • Exploit the central role in the Islamic and the Arab world.

IMPACT ON ECONOMIC DIVERSIFICATION

  • Non-oil revenues, 43,5 to 267 billion $
  • Non-oil exports in non-oil GDP, 16% to 50%
  • Foreign direct investment,  3.8% to 5.7% 
  • Private sector’s GDP, 40% to 65%
  • SME  contribution to GDP, 20% to 35%
  • Unemployment from 11.6% to 7%.
  • Improve the participation of women in the workforce from 22% to 30%.

SAUDI ARABIA ENERGY REFORM

ENERGY INDUSTRIAL CITY

  • The Oil & Gas Sector and revenues will remain central to Saudi Arabia’s economy
  • Doubling gas production and building a national gas network
  • Power demand is growing 8% annually, forcing Saudi Electricity to spend billions of dollars on projects to add capacity.
  • Only 1% is renewable energy & target of 4% renewable energy by 2020 equal to 3,450 MW
  • Feasibility and design studies for two commercial nuclear reactors, which will total 2.8 GW
  • Planning for 9,5 GW in 2030 Saudi Arabia will launch a renewable energy program with investment of between billion and billion by 2023
  • Energy subsidy reform plans to incentivize behavioral change and reduce cost

ENERGY INDUSTRIAL CITYOpportunity for Dutch companies

An ecosystem of companies and organization for all energy related manufacturing, services, R&D and venturing.

  • Infrastructure

  • Energy, Oil & Gas Equipment & Services

  • (Renewable) Energy Projects & Technology

  • Technologiy Investment & Venturing

  • Projects & Project Development

  • Project Finance

  • … and more

PARTNERS IN INTERNATIONAL BUSINESS APPROACH

  • A two-year hands-on program
  • Direct access to strategic information & market intelligence
  • Market research and/or business development support (NL+KSA)
  • Access to our local network to accelerate development
  • … and more

CALL FOR PARTNERS

Email: Inquiries@verocy.com or cyril.widdershoven@verocy.com

Telephone: +31 6 5381 9265