Abdullah Abdul Mohsin AlKhodari Sons Co to diversify services as Gulf kingdom looks at new energy sources
Major Saudi Arabian construction firm Abdullah Abdul Mohsin AlKhodari Sons Co said on Sunday that it would diversify into solar and nuclear energy.
Khodari's new activities will include supplying and installing solar energy equipment and systems, it said in a statement to the Saudi bourse.
It would also provide contractor services, maintenance and other operations for nuclear energy, the company said without giving details of the size of expected business.
The government body responsible for planning the Saudi energy mix said in 2012 that the world's top oil exporter planned to install around 41 gigawatts of solar power over the next 20 years as well as about 17 GW of nuclear capacity. Saudi Arabia currently has no nuclear reactors.
With than 50 years to go till the end of the fossil fuel in the KSA the need to diversity in energy resource is a must . Utilizing the revenues fro the oil & pet-chem the KSA can now build the best & safest nuclear power plants and solar research center to better the natural energy resources .