Riyadh to Host 27th Edition of World Energy Congress in October 2026

Riyadh to Host 27th Edition of World Energy Congress in October 2026
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Riyadh to Host 27th Edition of World Energy Congress in October 2026

Riyadh to Host 27th Edition of World Energy Congress in October 2026

The World Energy Council announced that the 27th edition of the World Energy Congress (WEC) will be hosted by Riyadh from October 26-29, 2026, under the theme "Inspiring Transformations, Delivering Transitions."

The 27th edition of WEC is designed to inspire, combining aspiration, vision and promise with enticing, practical and actionable opportunities in the energy sector, taking into consideration the different national and economic circumstances in a comprehensive manner.

The theme is a logical evolution from the approach of the Rotterdam hosted World Energy Congress 2024 as the world moves beyond "redesigning energy" and into action and reflects an ambition to connect the dots between visionary thinking and practical action that can deliver a better energy future for billions of lives and a healthy planet.

Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, said: "The Kingdom's hosting the 2026 World Energy Congress comes at a pivotal moment for the global energy sector, given the transformations and developments the world is witnessing in this socially and economically vital sector."

"There is no doubt that the World Energy Congress has contributed to driving energy shifts and transitions for over a century by bringing together energy stakeholders from all over the world to exchange ideas and perspectives. By organizing this event, the Kingdom will strive to achieve the objectives of the World Energy Congress, which align with the goals of Saudi Vision 2030," he added.

Saudi Arabia's selection to host this global event reflects the Kingdom's pivotal role in the energy sector and its ongoing efforts to achieve energy transitions. The selection also highlights the Kingdom's leadership in advancing global sustainability efforts, fostering innovative solutions in the field of clean energy, and adopting pioneering initiatives, including the Saudi Green Initiative and the Middle East Green Initiative.

Secretary General and CEO of the World Energy Council Dr. Angela Wilkinson said: "Our chosen theme for the Riyadh-hosted World Energy Congress 2026 is all about the effectiveness of today's actions in making successful energy transitions – plural – happen across the world. Humanity is at a historic energy crossroads. There is not a single choice of one energy direction or another but rather multiple choices in building momentum along geographically diverse pathways. "

"We are aiming for and require a shift in gears - mindsets, measurement frameworks and momentum. Society can move from small incremental improvements to transformational outcomes, in different places and at different paces," she added.

"Our groundbreaking World Energy Council model of convening power for common good invites progressive and pragmatic leaders to engage in inclusive and intergenerational leadership dialogues to drive pragmatic actions involving communities across all regions, sectors and segments to create modern energy societies," she stressed.



Inflation in Saudi Arabia Reaches 1.7% in September amid Rising Housing Costs

Food and beverage prices rose by 0.8% (SPA)
Food and beverage prices rose by 0.8% (SPA)
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Inflation in Saudi Arabia Reaches 1.7% in September amid Rising Housing Costs

Food and beverage prices rose by 0.8% (SPA)
Food and beverage prices rose by 0.8% (SPA)

The inflation rate in Saudi Arabia recorded 1.7% in September on a year-on-year basis, rising from 1.6% in July, with housing rents once again acting as the main driver.

According to data from the General Authority for Statistics (GASTAT) released on Tuesday, housing rents overall increased by 11.2% in September, with apartment rental prices rising by 10%. This contributed to the overall increase in the housing, water, electricity, gas, and other fuel categories, which collectively jumped by 9.3%.

Rising rental prices have been the main driver of inflation in Saudi Arabia for most of this year. This comes as housing prices in the Kingdom are being fueled by limited property supply, alongside population growth and the influx of expatriates seeking housing in the Kingdom.

Food and beverage prices rose by 0.8%, while the restaurant and hotel sector increased by 1.7%, driven by a 1.5% rise in catering services. The education sector also saw a 1.6% increase, primarily due to a 3.8% rise in middle and secondary school tuition fees.

On the other hand, transport prices fell by 3.3%, benefiting from a 4.5% drop in vehicle purchase costs. Home furnishings and equipment prices decreased by 3.7%, influenced by a 7% decline in the prices of furniture and carpets, and a 3.2% drop in clothing and footwear.

On a monthly basis, inflation rose by 0.1%, driven by a 0.6% increase in housing, water, electricity, gas, and other fuel prices. Food and beverage prices increased by 0.3% compared to August, while transport prices fell by 0.4%.