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Saudi Arabia, a global energy powerhouse, boasts vast reserves of oil and natural gas, fueling its thriving energy sector. In 2021, the energy sector contributed 29% to Saudi Arabia's GDP, highlighting its significance in the national economy.
Saudi Arabia Energy, Power, and Electrical Government Procurement
The Saudi Arabian government actively procures energy, power, and electrical products and services to meet the country's rising energy demands. In 2022, the total value of government procurement in this sector reached SAR 55 billion (approximately USD 14.7 billion).
The main energy, power, and electrical products and services procured by the Saudi Arabian government include
Oil & Gas: Exploration, Production, Modernization, Clean Tech
Renewables: Solar, Wind, Integration, Desert Energy
Smart Grids: Digital Transformation, Automation, Reliability
The Ministry of Energy of Saudi Arabia oversees the overall energy sector, including procurement activities. Other key authorities involved in procurement include:
Saudi Electricity Company (SEC)
Saudi Aramco
Saudi Arabian Basic Industries Corporation (SABIC)
Royal Commission for Jubail and Yanbu (RCJY)
Major winners of Saudi Arabia energy, power, and electrical procurement contracts include:
Schneider Electric
Siemens
GE
ABB
Hyundai Heavy Industries.
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