Saudi Arabia is the largest economy in the Middle East and the richest Arab country. The policy of large-scale public works undertaken by the authorities, as well as foreign direct investment and the soundness of the banking and financial system, have enabled the country to become the number one regional economy and one of the largest in the world.

Saudi Arabia's economic outlook is promising, underpinned by its Vision 2030 strategy focused on diversifying from oil to a knowledge-based economy. Investments in non-oil sectors like tourism, technology, and renewable energy, along with business environment reforms to attract foreign investment, position the country for positive long-term growth and regional economic leadership despite near-term global challenges. Vision 2030 is a blueprint that is diversifying the economy, empowering citizens, creating a vibrant environment for both local and international investors, and establishing Saudi Arabia as a global leader.

Driven by the nation's robust industrialization efforts and the modernization of its manufacturing and infrastructure sectors, there is a substantial growth in demand of Electrical machinery & equipments. As Saudi Arabia positions itself as a regional industrial hub, the electrical machinery and allied sectors market will present significant opportunities for both domestic and international manufacturers to meet the evolving needs of the country's burgeoning industrial landscape.

The Saudi Arabia ranks among the top five export destinations for India's engineering industry, standing as the second largest within the WANA region during 2023-24. From 2019-20 to 2023-24, Indian exports to the Saudi Arabia surged from USD 6.24 billion to USD 11.56 billion. Saudi's imports of engineering goods from India also witnessed a significant uptick, soaring to USD 5.23 billion in 2023-24 from USD 1.6 billion in 2019-20.

The product profile of Saudi ELENEX 2025 includes Electrical Machineries & Equipments , HVAC and Renewable Energy Equipments. In the 2024-25 (Apr-Feb) period, India's exports of Electrical machinery & equipments to Saudi Arabia reached USD 217 million, registering a growth of 66 % over 2023-24 (Apr-Feb). India was the 6th largest supplier of Electrical machinery to Saudi Arabia in 2023

Saudi Arabia is one of the largest importers and consumers of electrical machinery & equipment in the Middle East. The demand for electrical equipment in Saudi Arabia has been increasing due to growth in population, increased construction activity, rising industrialization, and other economic activities. In addition to this, the governments efforts towards diversification from an oil-based economy have also encouraged investments into projects that are power intensive. This is expected to create a significant opportunity for manufacturers of electrical machinery & equipment in Saudi Arabia over the coming years.

Saudi Arabia's Vision 2030 presents significant growth opportunities for the electrical machinery and equipment industry, particularly in areas like infrastructure development, industrialization, and renewable energy, with a focus on localization and technological advancement. Further the country’s commitment to renewable energy sources, aiming for 130 GW by 2030, also creates a significant market for solar panels, wind turbines, and related electrical infrastructure.

Saudi ELENEX 2025 will provide new opportunities to players involved within this space who are able to offer latest technological advancements through their products at competitive prices. Participation in this exhibition will play a major role for Electrical machinery, HVAC & Renewable energy manufacturers and distributors.