‘Golden opportunity’ exists for investment in Saudi renewables

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The Kingdom is looking to boost its solar and wind power capacity. A Saudi man stands at a solar plant in Uyayna, north of Riyadh. (AFP)
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The Kingdom is looking to boost its solar and wind power capacity. Left: Saudis work at a solar panel factory in Uyayna, north of Riyadh. (AFP)
Updated 16 January 2019
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‘Golden opportunity’ exists for investment in Saudi renewables

  • Speaking at the clean-energy conference, Saudi Energy Minister Khalid Al-Falih on Tuesday outlined ambitious plans for solar and wind power
  • Saudi Arabia plans to generate some 59 gigawatts (GW) of electricity from solar and wind by 2030, and eventually produce upward of 200 GW from renewable sources

ABU DHABI: The sun is shining on Saudi Arabia’s renewable energy sector — with plans for dozens of contracts over the coming years posing a “golden opportunity” for investors, according to delegates at the Abu Dhabi Sustainability Week (ADSW).
Speaking at the clean-energy conference, Saudi Energy Minister Khalid Al-Falih on Tuesday outlined ambitious plans for solar and wind power, as the Kingdom plans to create “a global hub of renewable energy capability” over the coming decades.
Saudi Arabia plans to generate some 59 gigawatts (GW) of electricity from solar and wind by 2030, and eventually produce upward of 200 GW from renewable sources, Al-Falih said, according to AFP.
Under Saudi Arabia’s clean-energy program, Al-Falih said Riyadh would tender dozens of renewable energy projects every year, with at least 12 such deals slated for 2019, it was reported.
The news follows a string of renewable-energy deals struck by the Kingdom, which last week signed a deal to establish a 400-megawatt (MW) wind farm, following an agreement last year to build a 300-MW solar plant.
On Monday, plans were announced to develop a $2 billion solar and carbon black integrated complex in the heart of the Kingdom.
The deal was struck between Saudi Arabia’s National Industrial Clusters Development Program (NICDP) and the Kingdom’s diversified manufacturing company SABIC, in partnership with China’s Longi and South Korea’s OCI, two global solar powerhouses.
“We plan to complete the feasibility study in the next six months, and maybe by the end of the year we will be identifying the shape and legal and financial structure of the project,” said Tariq Bakhsh, vice president of the chemicals and renewables program at NICDP.
“Saudi Arabia is a leader in the region for renewable energy targets.”

 

Mohammad AlHajjaj, general manager of the energy and water sector for Saudi Arabia’s General Investment Authority (GIA), told Arab News that now is “the key time” to invest in renewable energy resources across the Kingdom.
“Renewable energy and solar power are very important as part of Saudi Arabia’s diversification plans,” he said. “Saudi Arabia is taking huge steps into... renewable energy to improve the energy mix for the new generation.”
AlHajjaj said the Saudi government aims not just to reshape its energy mix within the boundaries of the Kingdom, but also to emerge as a global force in clean power.
“Recently it has been announced what will be the new energy mix and the plan for 2030 — what will be the portion of solar, of wind, of gas/power generation,” he said.
“What we are doing at the GIA (is) playing the role of an investment promotion agency by developing new business opportunities, talking to investors who want to come do business in Saudi Arabia, playing the role of the advocate for the investors, and making sure their investment is sustainable and growing inside the country.”
The Kingdom has laid out an ambitious plan to move its economy away from its dependence on oil, with a key factor being a focus on renewable energy resources and tapping one of the country’s most abundant natural resources: Sunlight.
The shift is described by officials at King Abdullah University of Science and Technology (KAUST) as not only a move toward sustainable energy, but also as a way for the Kingdom to become a world leader in solar technology, training a new generation of Saudis in the technology, and to eventually become an exporter of both solar panels and power.
AlHajjaj said Saudi Arabia has some of the world’s most intense sunlight, and therefore has the potential to be a major producer of solar energy.
“The lowest cost of renewable energy is also in Saudi Arabia because the efficiency is very high... It is considered one of the top countries globally in terms of the efficiency of solar power to generate electricity,” said AlHajjaj.
“Our objectives are not only to build solar projects and renewable energy resources, but to also recognize the key value chains such as manufacturing the components needed for solar power within the Kingdom itself.
“We are well located on the map, with a very good geographical location that is connected to the Gulf but also to both East and West... So we have ambitious plans.
“Each country has its plan when it comes to solar, but Saudi Arabia has the highest plan when it comes to the Gulf. So there is no better time than now when it comes to making the decision to invest in this sector in Saudi Arabia.”
AlHajjaj said the Kingdom is seeing “a lot” of outside interest in its renewable energy sector, which forms a key part of the Vision 2030 reform plan.
“We are working with several companies into recognizing the (potential) of manufacturing solar panels, wind turbines and gas turbines. We are working with several big names globally,” he said.
As the annual ADSW returns to Abu Dhabi this week, delegations from around the world, including Saudi Arabia, have descended on the UAE capital to discuss advancing the world’s sustainable development.
Fahad Al-Shammari, a general manager at Saudi Arabia’s Marafiq, the power and water utility company for Jubail and Yanbu, said the company had a slate of sustainable projects on its books for 2019.
“We are shifting out plans to renewable energy. So just now we are anticipating that by the end of this month, we will sign an agreement in Yanbu to generate 300 MW of power from solar,” he told Arab News.
Al-Shammari said 2019 “is the golden opportunity” to invest in the renewable energy sector in Saudi Arabia.
“It is not just a business opportunity, but there is a drive behind it,” he said.
“It is one of the pillars of the Kingdom’s Vision (2030) that we will produce a portion of power from the renewable sector.”

FASTFACTS

Saudi Arabia plans to eventually produce upward of 200 gigawatts from sources such as wind and solar — and the Kingdom is set to tender dozens of renewable energy projects in the coming years. Delegates at the Abu Dhabi Sustainability Week said now is “the key time” to invest in renewable energy resources across the Kingdom as it looks to diversify its energy mix.


From barrels to bytes: How AI is powering Saudi Arabia’s industrial transformation

Updated 08 January 2026
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From barrels to bytes: How AI is powering Saudi Arabia’s industrial transformation

  • Inside the Kingdom’s drive to merge energy expertise with digital intelligence

RIYADH: Artificial intelligence is moving beyond concept to become a cornerstone of Saudi Arabia’s energy sector, reshaping how oil, gas, and power systems are managed and optimized.

Industry giants like Saudi Aramco are embedding smart systems into their operations to boost efficiency, reliability, and sustainability—key pillars in the Kingdom’s efforts to modernize its industrial base and diversify its economy.

According to the International Energy Agency, oil and gas companies were among the first to adopt digital technologies. The agency estimates that applying AI to power plant operations and maintenance could save up to $110 billion annually by 2035 through reduced fuel consumption and maintenance costs.

For Saudi Arabia, this technological momentum offers both a blueprint and an opportunity. Under Vision 2030, integrating data and intelligent automation is transforming how energy is explored, refined, and delivered.

At the heart of Saudi Aramco’s operations is a digital transformation strategy centered on artificial intelligence, big data, and the industrial Internet of Things. These technologies are applied at every stage of production—from mapping reservoirs and optimizing drilling to improving efficiency and safety.

AI also underpins Aramco’s Digital Transformation Program, which develops in-house smart tools and data-driven platforms designed to cut emissions, reduce costs, and enhance performance while ensuring a reliable energy supply.

A prime example is the Upstream Innovation Center, where engineers have implemented AI solutions that reduce fuel gas use in boilers, improve efficiency, and detect potential leaks through fiber-optic monitoring. At the Khurais oil field, more than 40,000 sensors monitor approximately 500 wells via an Advanced Process Control system—the first of its kind for a conventional oil field at Aramco. Digitization at Khurais has increased production by around 15 percent, doubled troubleshooting speed, and lowered both costs and environmental impact.

These advances illustrate how Aramco’s network is evolving into a connected, adaptive model, blending traditional engineering expertise with digital intelligence.

DID YOU KNOW?

• AI could save up to $110 billion a year in global power plant fuel and maintenance costs by 2035.

• Advanced Process Control enables real-time monitoring of hundreds of oil wells in the Kingdom.

• AI-powered simulations now replace weeks of manual analysis, enabling faster operational decisions.

As Saudi Arabia develops an AI-driven energy economy, the King Abdullah University of Science and Technology is bridging the gap between digital innovation and industrial application. 

Bernard Ghanem, chair of the Center of Excellence for Generative AI, said the university is working with Saudi Aramco to develop AI systems that predict the chemical properties of materials and accelerate research into direct air capture technologies for carbon dioxide removal.

He told Arab News that KAUST is partnering with SABIC and ACWA Power to apply AI in process optimization and materials discovery, turning lab-scale research into practical solutions for the energy sector.

Ghanem said KAUST’s generative AI materials program combines a robotic chemistry lab with its AI Chemist foundation model, a system that accelerates the development of catalysts, battery materials, and membranes for clean energy applications.

“This is our lab of the future, automating experimentation and speeding up energy innovation,” he said.

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Mani Sarathy, professor of chemical engineering at KAUST, noted that AI-based reinforcement learning tools are already improving efficiency in hydrocarbon refineries by enhancing simulations and shortening analysis cycles.

“AI is helping energy companies run complex simulations that once took weeks, enabling faster and more precise operational decisions,” he told Arab News.

Sarathy added that the next phase will combine automation with expert oversight. Hybrid human-AI control systems, he explained, are likely to become standard in critical operations, balancing digital autonomy with safety and reliability as Saudi industries expand AI deployment.

These efforts highlight KAUST’s growing role in transforming AI from an academic discipline into a driver of industrial innovation in Saudi Arabia’s energy sector under Vision 2030.

Meanwhile, Skeleton Technologies is bringing AI-driven energy storage solutions to Saudi partners, solutions that are already reshaping industrial systems across Europe and beyond. In Europe, the company combines artificial intelligence and advanced materials to reduce energy use and improve efficiency in data centers, electricity grids, and defense systems.

“Our solutions allow AI infrastructure to consume less electricity and reduce grid connection needs, making AI operations more energy efficient,” Arnaud Castaignet, vice president of government affairs and strategic partnerships at Skeleton, told Arab News.

Inside its factories, Skeleton uses AI-driven digital twin models, created with Siemens Digital Industries, to simulate production, optimize operations, and enable predictive maintenance, Castaignet said. At the core of its technology is curved graphene, a proprietary carbon material that gives Skeleton’s supercapacitors exceptional conductivity.

“It allows our supercapacitors to charge and discharge within microseconds, around 12 microseconds, something batteries cannot do,” Castaignet said.

The company’s flagship Graphene GPU system, built on these supercapacitors, cuts energy use in AI data centers by up to 40 percent and reduces grid requirements by 45 percent while boosting computing performance. The devices are free of lithium, nickel, and cobalt, relying instead on graphene derived from silicon carbide—essentially sand—processed entirely in Germany.

“To build sustainable AI infrastructure, you need energy-saving hardware as well as renewable power,” Castaignet added. “Our Graphene GPU shows both can work together.”

As Saudi Arabia continues linking engineering expertise with digital intelligence, its industrial progress is measured not only in barrels of oil but also in bytes, data, and the smart systems shaping its energy future.