Saudi Arabia continues its journey of success across various industry sectors, particularly in the energy sector, which is undergoing a transformative shift that enhances its sustainability and efficiency while advancing its strategic objectives to support the national economy and meet future needs. At Principal Buyer, we implement ambitious plans and innovative programs, working in an integrated ecosystem to achieve the energy sector’s targets in line with Saudi Vision 2030.

The Saudi Power Procurement Company (Principal Buyer) was established as the primary entity responsible for procuring, selling, and trading energy within the Kingdom under the supervision of the Ministry of Energy and the direct oversight of His Royal Highness the Minister of Energy, Chairman of the Board of Managers. Through its ambitious strategies, the company is dedicated to advancing the energy sector, enhancing its efficiency, and ensuring sustainability while driving investments in clean energy sources to achieve an optimal energy mix of 50% renewable energy and 50% natural gas.

Additionally, it is prepared to integrate carbon capture units, ensuring a reliable power supply that meets the Kingdom’s increasing electricity demand and contributes to Saudi Arabia’s environmental commitments to achieve net-zero carbon emissions by 2060, or sooner if the necessary technologies become available. As part of our commitment to transparency and governance, Principal Buyer upholds the highest standards in all stages of project tendering, fostering competitiveness and ensuring a fair investment environment that attracts the best proposals from local and global participants.

Amid rapid digital transformation, the company places innovation and modern technologies at the heart of its strategy. By leveraging artificial intelligence and big data analytics, it enhances planning, strengthens supply reliability, and develops digital solutions that align with the sector’s evolving needs—ensuring market flexibility and energy sustainability.

At Principal Buyer, we believe that our success depends on our ability to adapt to changes, overcome challenges and strengthen partnerships to achieve excellence in the energy sector while reinforcing the Kingdom’s global standing.