The Saudi Electricity Regulatory Authority (SERA) made the announcement during the 23rd annual conference of the Energy Regulators Regional Association, currently being held in Slovakia.

The Authority also said that hosting the conference helps position the Kingdom as a leading destination for international forums and conferences.

It also highlights Saudi Arabia’s leadership role in anticipating innovative models for regulating the global electricity sector.

The Authority is participating as a member of the association with a delegation headed by its Deputy Governor for Economic Affairs and Licensing, Abdulrahman bin Saad Al-Mozan.

During the conference, the Authority also showcased its experience in developing regulatory frameworks and strengthening consumer protection through a working paper presented by the Deputy Governor for Consumer Affairs, Abdulilah bin Rodhan Al-Shayaei, during a panel session titled: “Retail Supply Transformation and Enhancing Customer Engagement.”

Meanwhile, Saudi Arabia’s real gross domestic product saw an annual expansion of 2.8% in the first quarter of 2026, driven by gains across all economic activities, official data showed.

According to flash estimates by the General Authority for Statistics, non-oil activities in the Kingdom increased by 2.8% year on year over the three-month period, underscoring the progress of the nation’s economic diversification agenda.

Saudi Arabia’s strong economic growth in the first quarter amid heightened regional conflicts reflects the nation’s robust financial landscape and progress in non-oil activities.

The International Monetary Fund this month forecast Saudi Arabia’s economy would grow 3.1% in 2026, citing continued strength in domestic activity and reforms aimed at broadening the economic base.

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