The size of diesel generators market in Saudi Arabia will exceed SR1.5 billion ($400 million) amid increasing demand due to the "inability of the current facilities to meet the increasing electricity growth which ranges between 15 to 20 percent 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 pointed out that the electric diesel generators market has witnessed remarkable development recently due to the support of the Custodian of the Two Holy Mosques King Abdullah, social development, and the industrial growth witnessed in all regions of the Kingdom.
Akeel confirmed that electric diesel generators market has witnessed remarkable leap and development characterized by the high quality services.
The Saudi Gazette