The President of King Abdulaziz City for Science and Technology (KACST), Dr. Mohammed Ibrahim Al-Suwaiyel, said the volume of world investments in smart network technologies is expected to reach an amount of about $ 170 billion by 2014. Addressing an opening ceremony of Smart Network Workshop here today, Dr. Al-Suwaiyel said the workshop comes as part of efforts to raise energy efficiency in the electricity sector in Saudi Arabia, hoping to benefit from smart networks technologies in the Kingdom through the introduction of international experiences and opportunities of relevant technologies in the electricity system, and to work out a program to apply these techniques to suit the circumstances of the Kingdom of Saudi Arabia.