Saudi Arabia - منتزه الطاقة الملك سلمان
King Salman Energy Park (SPARK) is a 50 square kilometer industrial zone being developed in the Eastern Province of Saudi Arabia. The park is designed to be a global hub for the energy sector. It is expected to attract investment from companies across the upstream, downstream, petrochemicals, power, and water and wastewater sectors.
Logistics zone at King Salman Energy Park (SPARK)
One of the key features of SPARK is its logistics zone. The logistics zone is designed to be a state-of-the-art facility that will provide companies with a variety of services, including:
- Customs clearance
- Bonded storage
The logistics zone will be connected to major transportation networks, including King Fahd International Airport, King Abdulaziz Seaport, and the GCC highway. It will also be connected to the future GCC rail network.
The logistics zone is expected to be a major driver of economic growth in the Eastern Province of Saudi Arabia. It is estimated that the logistics zone will create up to 100,000 jobs and contribute $6 billion to the Kingdom’s GDP annually.
Hutchison Ports to Manage and Operate SPARK Logistics Zone
In November 2022, Hutchison Ports signed a concession agreement to manage and operate the logistics zone at King Salman Energy Park. Hutchison Ports is a leading global port operator. It has a long history of operating successful logistics facilities in the Middle East.
Under the terms of the concession agreement, Hutchison Ports will invest $400 million to develop a state-of-the-art logistics facility at SPARK. The facility will be able to handle ten million metric tons of cargo annually. It will provide a variety of services to companies in the energy sector.
The development of the logistics zone at SPARK is a major milestone in the development of the park. The logistics zone will provide companies with the infrastructure they need to operate efficiently and effectively in the energy sector. It will also create jobs and boost economic growth in the Eastern Province of Saudi Arabia.
Honeywell to operate at King Salman Energy Park
In December 2022, Honeywell announced that it would open a regional manufacturing center at King Salman Energy Park (SPARK). The new facility will produce a wide range of Honeywell technologies designed to advance the automation, safety, and efficiency of the region’s energy sector.
The new facility will be Honeywell’s eighth site in Saudi Arabia, and it is expected to create up to 1,000 jobs. The facility will be equipped with the latest technology, and it will be Honeywell’s most advanced manufacturing center in the Middle East.
The opening of the new facility is a major milestone for Honeywell in Saudi Arabia. It demonstrates Honeywell’s commitment to the Kingdom’s Vision 2030, and it supports Honeywell’s strategy of localization and in-Kingdom value add. The new facility will also help Honeywell to meet the growing demand for its products and services in the region’s energy sector.
The logistics zone and the new manufacturing facility at SPARK are just two examples of the many investments that are being made in the park. SPARK is a major development that will have a significant impact on the energy sector in Saudi Arabia and the region.
- Total area: 500,000 hectares (total development area)
- Developer: Saudi Aramco
- Key industrial sectors: Upstream Services – Pipes & Tubular Goods – Fluids Processing Equipment – Completions and DownholeElectrical Components and SystemsElectronics and Control Systems – Drilling Fluids – Valves – Cooling Systems – Vessels and Tanks, – Energy-Related Building Materials