PÖYRY POINT OF VIEW REPORT / 23 Feb 2016
A country in transformation: three areas to reform the electricity sector of Saudi Arabia
With oil prices oil prices (per barrel) falling from $ 115 in 2014 to $ 30 in January 2016, the Kingdom of Saudi Arabia’s reliance on oil revenues needs to change. Whilst the Kingdom’s foreign reserves can cover deficits on a temporary basis, this is not tenable in the long run. In its 2016 budget, the Kingdom announced its intention to implement structural reform and reduce dependence on oil. So what are the possible areas for reform in the electricity sector?
In this point of view, Pöyry details how the Kingdom of Saudi Arabia should approach this, highlighting three key areas of structural reform.