Expectations of an increase in energy demand in Saudi Arabia in the coming years

<p style=";text-align:left;direction:ltr">ArabiaWeather.com - Frost &amp; Sullivan, a consulting firm, expected that Saudi Arabia would pump more than $100 billion into the <strong>renewable energy</strong> sector. To meet the sharp rise in <a href="http://www.arabiaweather.com/content/طاقة-الرياح-تغطي-97-من-حاجة-منازل-اسكتلندا-للكهرباء"><strong>energy</strong></a> demand.</p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">The Corporation expected that <strong>energy</strong> demand in Saudi Arabia would increase by 45% over the next 25 years. That is, from 69 gigawatts in 2014 to about 100 gigawatts in 2040, equivalent to the size of energy demand in the rest of the <strong>Gulf Cooperation Council</strong> countries combined.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">In a report issued last Monday, on the occasion of the World Future Energy Summit in Abu Dhabi, the Corporation stated that the Kingdom plans to spend $109 billion to produce 54 gigawatts of renewable energy by 2040.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">She added that Saudi projects will account for about 70% of the total value of <a href="http://www.arabiaweather.com/content/ابتكار-شريحة-ذكية-تشحن-نفسها-بواسطة-موجات-الراديو"><strong>renewable energy</strong></a> projects in the <strong>Gulf Cooperation Council</strong> countries in 2020, according to the Lebanese newspaper Al-Hayat.</span></p>