HIS ROYAL HIGHNESS, PRINCE SAUD BIN NAIF BIN ABDULAZIZ, OFFICIALLY OPENED SAOGE 2014 at the Official Opening Ceremony for SAOGE 2014 on November 24.
We are extremely proud for this honor which His Highness is extending to SAOGE 2014 - the 6th Saudi Arabia International Oil & Gas Exhibition, as it is a further award to the ever increasing importance of SAOGE as the best-attended and premier Oil & Gas exhibition in Saudi Arabia.
THE LEADING OIL & GAS EVENT FOR SAUDI ARABIASAOGE was launched in November 2008 as the premier event for the Oil & Gas Industry in Saudi Arabia. It was established to meet the requirement for the largest oil producing country in the world to host its own focused oil and gas show a service, which it continues to deliver to the industry.
SAOGE regularly sees great demand from global companies to participate and be at the heart of the industry. The Eastern Province provides the best access to business opportunities for the energy sector, covering more than 33% of Saudi Arabia’s total area; it is the largest province in the Kingdom and the perfect strategic gateway for international trade.
SAUDI ARABIA – THE MARKET YOU NEED TO BE PART OF!
Saudi Arabia ranks as one of the world's 20 largest economies and is the largest economy in the MENA region.
Activity in the world’s premier energy economy will develop rapidly as large-scale capital spending is applied to building new capacity and expansion of existing facilities.
The Arab Oil and Gas directory forecasts major new energy investments in Saudi Arabia, including:
- Petrochemical Projects: US$90 billion
- Power Generation: US$90 billion
- Water Desalination Plans: US$88 billion
- Natural Gas-Related Projects: US$50 billion
In addition to these direct energy-related investments, the Energy sector will be supported by an estimated US$140 billion in general infrastructure outlays including the Economic Cities and transport links.
(Official facts provided by SAGIA the Saudi Arabian General Investment Authority)