Permit Number Permit no: 18/8281
events/rtk
Excellent Opportunities for the sustainable and energy efficiency industry
  • Saudi Arabia’s energy consumption in buildings has grown by 16% - therefore solid opportunities for the retrofit tech market
  • Projects in Saudi Arabia’s energy efficiency sector have an estimated value of SR42 billion, or around SR3 billion annually.
  • Saudi government commits over SR2 billion to energy efficiency projects across the Kingdom as part of plans to support the energy efficiency agenda
  • Internationally, the retrofit sector is valued at SR130 billion, with projects in the US, Europe, and China accounting for 90% of the global market share.
  • 51% of the of electricity produced in Saudi Arabia is consumed in the residential sector – this is a huge opportunity for retrofitting of lighting, cooling and water
  • 15% of energy is consumed by government and 14% by the commercial sector