King Salman Energy Park (SPARK) along with Hutchison Ports have signed out on a joint venture for managing as well as in operation of the Spark’s dry port and the bonded logistics zone within the premises of SPARK energy industrial city.
The energy park is a three-square-kilometer lavishly spread dry port empowering the perfect pathway for capturing out the upscaled demand for logistical services for specifically the Energy-related merchandizes within Middle East along with serving neighboring industrial cities having huge global standards.
King Salman Energy Park (SPARK) is a sustainable globalized energy hub, also an integrated industrial city progressing within three phases, wherein the mega project spans over 50 square kilometres, situated in the Saudi Arabia eastern province, with a vision for becoming the core gateway for the logistical services for the native energy arena, also offering out combined set of services for aiding out commercial development, lure in superior foreign investments, also for offering out better employment prospects in the Kingdom. It will also further aid in the diversification of economy, lure in additional foreign investment within the kingdom.
SPARK also offers out on global-class infrastructure for the global investors within the crude oil and gas, refining, petrochemical, the electricity, along with water production, processing industries.
Statement by Mohammed Yahya Al-Qahtani, Chairman of the Board of Directors of King Salman Energy City
The Chairman of SPARK, Mr. Mohammed Y. Al-Qahtani stated out with pride that, “We are so proud to give investors another reason to do business at SPARK. Hutchison Ports is a world class ports and terminal operator, and the step we take together today will give SPARK’s investors ease of access to local and global markets. Furthermore, the logistic hubs will also serve the eastern region and its industrial cities. It will also help us fulfil our IKTVA promise to the Kingdom of Saudi Arabia and the world by giving local manufacturers the physical infrastructure they need.”
Statement from Eric Ebb, Group Managing Director, Hutchison Ports
Eric Ebb, Group Managing Director at Hutchison Ports stated out that, “Saudi Arabia is an important market and we are very excited to participate in this ambitious, game-changing mega project. As the world’s leading port group, we will leverage our logistics expertise to create value and competitiveness for the tenants of SPARK.”
Statement from Mr. Saif Al Qahtani, SPARK President and CEO
Mr. Saif Al Qahtani, SPARK President and CEO, stated out that, “Our partnership with Hutchison Ports marks an important milestone in the ongoing development of SPARK. The dry port and logistics zone will be the key to unlocking the potential of our strategic location in the Eastern Province of Saudi Arabia, a region which is known for its unmatched oil and gas resources. We are tremendously excited to work with Hutchison Ports to help connect our investors to the world, allowing them to operate efficiently and save on transport times and costs.”
Within the initial phase of King Salman Energy City (SPARK), it comprises of numerous clusters: logistics zone, industrial hub, business district, digital hub, and residential and commercial areas. It is available within a total area of 3 square kilometre comprising of warehouses, state-of-the-art storage facilities, alongside a separate bonded area and on-site custom clearance.
