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Power Sector
Power Sector Outlook
» The formation of the Saudi Electricity Regulatory Authority (SERA) in 2001 was a valuable addition for
effective development of the Kingdom’s electricity sector. According to the reports, a new electricity
law under consideration at the Shoura Council envisages privatization of the sector as well as expansion
of power services throughout Saudi Arabia.
» In line with the government’s economic reforms the new law is expected to create a suitable atmosphere for
private investments and also provide consumers a chance to select between the electricity companies.
» With anticipated growth in power demand, the maximum power load in the Kingdom is expected to
reach 62,000MW by 2017. This not only indicates rising demand but also offers attractive growth and
investment opportunities for electricity players in the Kingdom.
» The materialization of privatization plans will revolutionize the local power sector by possibly breaking
up the quasi-monopolistic SEC into four entities that will be open to foreign investment amid plans to
create competition in the electricity sector.
Global Investment House
50 Saudi Arabia Economic Overview - January 2009