Page 12 - Baker Hughes - JANUARY 2024

1/10/24, 9:57 AM Sparking interest
and BAAS Gulf Industrial Company, a subsidiary of the National Metal Manufacturing and Casting Company (Maadaniyah),
which is set to expand its operations by Q4 2024 by manufacturing industrial valves and technical after-sales services.

Among the key tenants at SPARK, global energy conglomerate Saudi Aramco has initiated operations of its primary Drilling
and Workover (D&WO) hub, Al Qahtani says.

SPARK Logistics will offer warehousing and ready-built facilities.

In addition, technology software and engineering powerhouse Emerson has begun construction of its advanced technology
facilities at SPARK, which are expected to be operational in Q4 of 2024.

The energy hub has seen impressive growth since December 2018, when HRH Prince Mohammed bin Salman bin Abdulaziz,
Saudi Arabia’s Crown Prince, and Prime Minister, laid the foundation stone for what is destined to become a global centre for
the energy industry and technology.

“SPARK is proud to have attracted over 50 tenants to date, operating in sectors that range from digital, manufacturing,
upstream, non-metallics and other commercial and industrial sectors. Some of these tenants include Honeywell, Baker
Hughes, Emerson, Schlumberger, Taqa, SeAH-Dussur and others,” Al Qahtani says.

Vice President of Strategy & Business Development, Nabil Chaachou, comments: “Tenant developments and ongoing
collaboration are a testament to SPARK’s commitment and ambition to fostering the ideal investment environment for both
local and international companies aiming to establish or expand their operations in the region’s largest energy markets.

SPARK not only enables our tenants to run efficient operations and compete in the region’s vast energy market, but also
creates substantial economic value for the kingdom in one of the most sustainable parks globally.”

Contributing to Saudi Arabia’s Vision 2030, SPARK supports the kingdom’s drive for a diversified economy and aims to

foster a dynamic international industrial community rooted in excellence and innovation. The energy hub is expected to
contribute over $6 billion to the kingdom’s GDP annually.

https://gulfconstructiononline.com/Article/1627974/Sparking_interest 2/7