- The world is now witnessing an unprecedented pace of growth and investment in the solar industry, with an ever-narrowing spotlight on the solar sector in the Kingdom of Saudi Arabia.
- Saudi Arabia activates its potential to become one of the most energy-advantaged countries in the world.
Riyadh, October 28th — “Numerous on-going solar initiatives in Saudi Arabia are looking to develop this key industry. These initiatives are driven by local companies in partnership with regional and global solar leaders but unfortunately somehow they escape the public’s eye, which is something that can be addressed through such summits. I am encouraged to see what the future of Saudi Arabia’s solar industry holds“, noted Imtiaz Mahtab, Board Memeber of the Saudi Arabia Solar Industry Association (SASIA) during the opening of the Solar Arabia Summit, which began yesterday in Riyadh.
The Kingdom’s longest serving dedicated solar business platform, now in its fourth year, is connecting Saudi solar industry leaders with international experts. During the two day participants will highlight, discuss, share and facilitate agreements on the Kingdom’s renewable energy future.
The current status of Kingdom’s solar energy, new developments and the way forward to reach 41GW by 2032 was the main topic of discussion during the first day. Experts sharing their knowledge and addressing major sector obstacles and opportunities in the country included Imtiaz Mahtab, Board Member of Saudi Arabia Solar Industry Association, Hamed Al-Saggaf, Executive Director for IPP and Renewable Energy Sector from Saudi Electricity Company, Dr Marc Vermeersch, Managing Director of KAUST Solar and Photovoltaic Engineering Research Center and Ali Al-Maashi, Director of Future Business ME&A from Saudi Basic Industries Corporation.
Schneider Electric, a global leader in energy management is the summit’s Platinum Sponsor. Their Solar Global Account Director, Serge Saint-Macaire, addressed the audience during the keynote session, emphasising company’s more than 30 years of active presence in Saudi Arabia and solutions for all Kingdom’s power and control needs.
Key to achieving its potential in the solar energy market is Saudi’s effective collaboration with international experts and establishing beneficial partnerships. Other summit sponsors and partners contributing their vast experience include Robotina, Naizak, Eastman Chemical Company, Aamina and Haniwells, and leading official bodies such as the Middle East Solar Industry Association and Saudi Arabia Solar Industry Association.
The Summit is organised by French deal facilitation group, naseba, through their Riyadh office. naseba Chairman, Scott Ragsdale, elaborated on the company’s close ties with the Saudi Arabian energy sector, and commented: “naseba has long standing, multi-sector relationships in the Kingdom, and following discussion with our partners here, we have agreed that the timing is right to expand this year’s Summit from last year, to facilitate more deal flow. The participating companies who will capitalise on the emergence of this rapidly developing market have proven track records in renewable energy fields, and are ready to do business. The Summit has been organised to boost the Kingdom’s renewable energy strategy by providing the right platforms to do business.”