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Alfanar Group expects a significant rise in Saudi Arabia’s electricity demand through 2030, driven primarily by the rapid expansion of data centers and artificial intelligence technologies. Pascal Hoerter, CEO of Alfanar Electric, stated during the WPC Energy Congress in Riyadh that the outlook for 2027 remains highly promising. However, he noted that residential electrical demand has faced headwinds over the past few years due to high interest rates impacting homebuyer affordability.
