Saudi Arabia is positioning itself as a leader in renewable energy, hydrogen, and water technology by preparing to host the landmark Saudi Energy Convention in May 2024. This event will take place at the Riyadh International Convention and Exhibition Centre (RICEC), marking it as the Kingdom’s premier event with a dedicated focus on these critical sectors.
With over 250 global speakers and more than 50 conference sessions, the convention aims to impart crucial insights into the evolving energy landscape and strategic advancements. This initiative aligns with the nation’s Vision 2030, which targets transforming Saudi Arabia into a globally competitive economy fueled by sustainable energy, a dynamic private sector, and robust small and medium enterprises.
The Kingdom’s ambitious socioeconomic reforms have already propelled it to become the G20’s fastest-growing economy in 2022, boasting an impressive 8.7 percent economic growth as reported by the International Monetary Fund (IMF).
The conference will be a convergence point for leaders and specialists across the entire energy value chain, catalyzing the shift towards a more sustainable and scalable energy future. It will bring together the necessary expertise and innovative solutions to craft an energy sector that is resilient, efficient, and environmentally conscious, encompassing both traditional and renewable energy sources.
Moreover, the convention will feature specialized sessions focusing on the key themes of energy, water, and hydrogen. These sub-conferences will host industry leaders to discuss the pivotal opportunities and challenges within these domains.
dmg events President Christopher Hudson has highlighted the convention as a pivotal global energy industry event. He emphasized that the Kingdom’s fervor, aspiration, and resources are set to present a novel model for economic and social strength through unparalleled investment and collaborative opportunities.
The Saudi Energy Convention, alongside the Saudi Water Convention and the Saudi Hydrogen Convention, will provide a comprehensive perspective on the country’s strategic direction in energy diversification and economic development. These aligned events will form a unified platform to tackle the challenges of the full energy value chain and underline the essential roles of hydrogen and water in the global shift towards renewable energy.
Collectively, these conventions are expected to unveil cutting-edge solutions that will expedite the worldwide energy transition and aid Saudi Arabia in achieving its ambitious goals of having renewables comprise 50 percent of its energy mix and reaching net-zero carbon emissions by 2060.
Participants will have the opportunity to connect directly with financial backers of significant infrastructure and utility projects within the Kingdom as well as international investors and policymakers, paving the way for new growth prospects and commercial alliances.
As one of the world’s rapidly expanding economies, Saudi Arabia is on a trajectory of unprecedented growth. National development strategies are setting the stage for investment opportunities spanning hundreds of billions of dollars, with the energy sector alone poised to attract $90 billion and the water sector $53 billion to meet domestic demands. Furthermore, the Kingdom is targeting over $36 billion in investments as part of its comprehensive national hydrogen strategy, aiming to become the leading global supplier of hydrogen.
