The 2026 funds confirmed that the Kingdom’s targets throughout the brand new yr within the power sector embody growing the pure gasoline manufacturing capability within the Kingdom by a development charge of seven%.
The targets additionally embody changing and maximizing the Kingdom’s oil and gasoline reserves by changing 100% of the 2025 manufacturing of crude oil and condensate and including 7.5 trillion customary cubic ft of uncooked gasoline, to keep up the Kingdom’s management place within the oil and gasoline markets and make sure the continuity of native and international power safety.
It consists of launching and implementing a bundle of tasks to develop commercially viable native applied sciences within the subject of renewable power. It consists of superior photo voltaic cells, power storage, sensible grids, and inexperienced hydrogen, with the goal of supporting localization, enhancing native content material, and enabling innovation.
The targets embody growing the storage capability for aviation gas within the King Salman Worldwide Airport mission to satisfy the expansion within the variety of passengers. The mission consists of the development of three new tanks concurrently with the rise within the quantity of demand for aviation gas till the 2040 plan, to make sure safety of provide to the airport.
