King Salman Energy Park (SPARK) is being developed to capture the full economic value from the ever growing demand for energy related goods and services in Saudi Arabia.
The park is in close proximity to Saudi Aramco’s core area of operations in the Eastern Province of Saudi Arabia and is expected to eventually create up to 100,000 direct and indirect jobs.
SPARK is attracting industrial investors across five strategic sectors: Upstream, Downstream, Petrochemicals, Power, Water and Wastewater.
King Salman Energy Park will connect in the future to neighboring countries through the future GCC (Gulf Cooperation Council) Railroad. A dry port logistics centre with free zone privileges is planned to fully exploit this opportunity.
Investment opportunities include residential and commercial real estate, as well as logistics facilities and services, prebuilt factories, warehouses, and other logistics enablers.
Saudi Aramco. The Company will build its Drilling & Workover Headquarters in SPARK, as well as operate its Procurement & Supply Chain Management Center from this hub.
The overall area will cover 50 million square meters to be developed in 3 phases, ending by 2053.
- 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