July 25, 2018 — With the $200 billion GW Solar Power Plant and the $130 million Al-Khafji solar powered water desalination plan, Saudi Arabia’s solar panel market is expected to grow at CAGR of 30.2% between 2018 and 2024. In addition to the current investments, Saudi Arabia has also allocated $7 billion in the 2019 budget for development of renewable energy projects. The bulk of Saudi Arabia’s renewable energy is located in the Central region.
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