Saudi Arabia’s up-and-coming energy park set to transform KSA into a global industrial powerhouse

Situated in the Kingdom’s Eastern Province, between Dammam and Al-Ahsa, the project will be developed in three phases. (Supplied)
Updated 12 December 2018
0

Saudi Arabia’s up-and-coming energy park set to transform KSA into a global industrial powerhouse

  • The first phase is scheduled for completion by 2021
  • SPARK will localize more than 300 new industrial services and facilities and will have specialized training centers to cater to the huge influx of manpower

JEDDAH: Saudi Arabia is fast catching up with the world’s ever-growing energy and technology scene ahead of 2030. In fact, the King Salman Energy Park (SPARK) may soon prove a global destination for energy industry investors.

The new energy city mega-project is being developed by Saudi Aramco, which received authoritization to embark on the initiative in the summer, and is operated, managed and maintained in partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON). 

With projections that the megacity will create more than 100,000 jobs, it is considered one of the most up-and-coming energy parks in the world.

SPARK will localize more than 300 new industrial services and facilities and will have specialized training centers to cater to the huge influx of manpower.

Situated in the Kingdom’s Eastern Province, between Dammam and Al-Ahsa, the project will be developed in three phases. 

The first phase is scheduled for completion by 2021, while the final phase of the project is set for completion in 2035. With all this on track, the 50-square-kilometer project is poised to be a magnet for foreign and domestic investment. 

Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park at the King Abdulaziz Center for World Culture (Ithra) on Monday. (SPA)

What’s more, Aramco’s espousal of SPARK will also help businesses indulge in technological development, manufacturing and exports channels and build a world-class energy supply chain. Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park at the King Abdulaziz Center for World Culture (Ithra) on Monday.

During the groundbreaking ceremony, Energy Minister and Aramco Chairman Khalid Al-Falih declared SPARK a special economic zone (SEZ) in which businesses can enjoy exclusive benefits. 

“We are looking forward to collaborating with our first anchor partners at SPARK,” said Saudi Aramco President and CEO, Amin Nasser.

SPARK has already attracted investment from foreign and local companies to produce and manufacture goods and services. The first phase of the project is expected to cost about $1.6 billion. 

The park is set to attract industrial investors in the water, power, petrochemical and wastewater sectors, among others. 

Facilities at SPARK will also help investors bridge gaps in local production back home, increasing competition in the long run. 

“This energy city is exciting because it brings together a multitude of businesses,” Mark McCollum, president and CEO of Weatherford Corp, told SPARK.

“We firmly believe that collaboration and cooperation among service companies and individual providers to the energy sector is vital in breaking new ground.”

The King Salman Energy Park is also set to promote small and medium-sized enterprises. With focus on energy production, it also provides opportunities for investment in residential and commercial real estate projects.

Nasser said that the “King Salman Energy Park will spur a new era of growth for one of the Kingdom’s already thriving sectors. What’s more, it will serve as a central gateway to the region’s economies since Aramco is at the heart of the global oil and gas industry.”


Arab coalition working to protect region’s security, says spokesman

Coalition spokesman Col. Turki Al-Maliki at a press briefing. (SPA file photo)
Updated 19 March 2019
0

Arab coalition working to protect region’s security, says spokesman

  • Houthis want to disturb peace, says coalition spokesman
  • Stockholm peace agreement under strain

RIYADH: The Arab coalition supporting the internationally recognized Yemeni government is committed to protecting regional and global security, a spokesman said Monday.

Coalition spokesman Col. Turki Al-Maliki was asked at a press briefing about Houthi militias threatening to target the capitals of Saudi Arabia and the UAE.

“This is their way to disturb peace,” Al-Maliki replied. “Previously the Houthis targeted Riyadh with a ballistic missile, violating all international laws by attacking a city that has more than 8 million civilians. We take all precautions to protect civilians and vital areas. The coalition works to protect regional and international security.”

Al-Maliki said Houthis had targeted Saudi border towns several times, the most recent incident taking place in Abha last Friday.

But the Saudi Royal Air Defense Force had shot down a drone that was targeting civilians, he added.

He said four Saudi nationals and an Indian expatriate were injured in the attack because of falling debris.

The drone wreckage showed the characteristics and specifications of Iranian manufacturing, he said, which proved Iran was continuing to smuggle arms to the militias.

He warned the Houthis to refrain from targeting civilians because the coalition, in line with international humanitarian law, had every right to counter such threats.

He said the coalition was making efforts to neutralize ballistic missiles and dismantle their capabilities, as the coalition’s joint command would not allow the militia to possess weapons that threatened civilian lives and peace.

Al-Maliki reiterated that the Houthis were targeting Yemeni civilians and continued to violate international laws. 

He also urged Yemenis to try their best to prevent children from being captured by Houthis, who were using them as human shields and child soldiers.

His comments came as the UN tried to salvage a peace deal that was seen as crucial for ending the country’s four-year war.

The Stockholm Agreement was signed by the Yemeni government and Houthi representatives last December.

The main points of the agreement were a prisoner exchange, steps toward a cease-fire in the city of Taiz, and a cease-fire agreement in the city of Hodeidah and its port, as well as ports in Salif and Ras Issa.

Militants triggered the conflict when they seized the capital Sanaa in 2014 and attempted to occupy large parts of the country. An Arab coalition intervened in support of the internationally recognized government in March 2015.

The World Health Organization estimates that nearly 10,000 people have been killed in Yemen since 2015.

Earlier this month US Secretary of State Mike Pompeo said that President Donald Trump’s administration opposed curbs on American assistance to the Saudi-led coalition in Yemen.

“The way to alleviate the Yemeni people’s suffering isn’t to prolong the conflict by handicapping our partners in the fight, but by giving the Saudi-led coalition the support needed to defeat the Iranian-backed rebels and ensure a just peace,” Pompeo said at a news conference in Washington.