Page 11 - Baker Hughes - JANUARY 2024

1/10/24, 9:57 AM Sparking interest

Sparking interest

Several world-class industrial facilities are taking shape over the 50-sq-km King Salman Energy Park (SPARK), the region’s
only fully integrated energy hub, which aims to create a 21st century ecosystem for the sector and capitalise on the Middle
East’s high demand for energy-related goods and services.

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The King Salman Energy Park (SPARK) will cover an area of 50 sq km.

From barren desert to a billion-dollar oasis of innovation, King Salman Energy Park (SPARK) has witnessed immense interest
since it broke ground just five years ago. The mega energy hub strategically located in the Eastern Province has already
attracted over 50 major players which are setting up specialised facilities involving investments of $3 billion in line with the

vision for SPARK’s game-changing ecosystem.

“SPARK has attracted over 20 new investments in 2023 and we see an acceleration in the number of investments year after
year. These developments represent investments of over $1 billion in 2023 alone and an accumulative investment to date of

more than $3 billion once all the concluded agreements are executed,” Saif Al Qahtani, President and CEO of SPARK,
tells Gulf Construction’s Bina Goveas in an exclusive interview.

Construction has also begun on 20 manufacturing centres and more will come in the year ahead, he adds.

Among the newest tenants on board are Abdulaziz & Brothers Safety Manufacturer (A&BC Reliable Protection), which
produces high-quality personal protective equipment (PPE); Enjaz Al-Mustaqbal Industrial Company (Future Achievements),

which plans to establish a new manufacturing facility to support the heating, ventilation, and air-conditioning (HVAC) sector;

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