EDF Group Diversifies Line of Business in Saudi Arabia

Active in the Kingdom since 2012, the group’s initial focus was on a single line of business for the Saudi National Atomic Energy Project, as announced by the King Abdullah City for Atomic and Renewable Energy. In line with the Saudi Vision 2030 and EDF’s 2030 sustainability strategy, the group began to diversify its lines of business, a total of five, and expand in the Kingdom to support its sustainability and energy transition objectives beyond the civil nuclear program. In 2017, the EDF Group, through EDF Renewables, participated in all public renewable energy tenders organized by the Saudi Ministry of Energy to develop utility-scale projects in the Kingdom.

EDF’s growth and development in the Kingdom were further strengthened in 2021 by establishing the regional headquarters of the group’s energy services arm, Dalkia Middle East, in Riyadh. The group is also expanding its operations within the Saudi low-carbon energy services sector to incorporate energy efficiency, district cooling networks, operations, and maintenance, and exploring the geothermal energy potential in the Kingdom. The EDF Group, alongside its partner MASDAR, is launching Emerge KSA, a 50 percent-owned joint venture between the two leading companies, with its ongoing pipeline, which will be officially established in the Kingdom by the end of 2022. The group is targeting opportunities for two of its main subsidiaries involved in smart city solutions: Urbanomy, for urban planning services to support the decarbonization of the Saudi real estate sector, and Citegestion, which has the expertise to provide city monitoring services that could be highly beneficial for projects under the Saudi Public Investment Fund.

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