Saudi Arabia's crown prince inaugurates King Salman Energy Park project

Saudi Arabia's crown prince inaugurates King Salman Energy Park project
1 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
2 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
3 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
4 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
5 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
6 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
7 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
8 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
9 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
10 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Saudi Arabia's crown prince inaugurates King Salman Energy Park project
11 / 11
Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated the King Salman Energy Park (SPARK) that will transform the Kingdom into a pioneering industrial power. (SPA)
Updated 11 December 2018

Saudi Arabia's crown prince inaugurates King Salman Energy Park project

Saudi Arabia's crown prince inaugurates King Salman Energy Park project
  • SPARK aims to strengthen the Kingdom's position as a regional and global energy hub

JEDDAH: Saudi Arabia’s Crown Prince Mohammed bin Salman on Monday inaugurated the King Salman Energy Park (SPARK), located in the Kingdom’s Eastern Province. 
SPARK is a 50 km² energy city mega-project and will unite approximately 300 industrial and service facilities, which will position Saudi Arabia as a global energy, industrial and technology hub. 
Saudi Aramco will develop, operate, manage and maintain the project’s infrastructure in partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON).
SPARK’s role in enabling localization within the Kingdom’s energy supply chain aligns with the strategic goals of Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program.
IKTVA was launched by Saudi Aramco in December 2015 with the aim of benefiting from relationships with manufacturers, suppliers, and service providers, to enhance the company’s goals and raise the level of local content to about 70% by the end of 2021.
The energy park, located between Dammam and Al-Ahsa, will be developed in three phases. The project will cover an area of 50 km². The first phase of the development will cover 12 km² and will be completed by 2021. 
During the groundbreaking ceremony, Minister of Energy, Industry and Mineral Resources and Saudi Aramco chairman, Khalid A. Al-Falih, announced that SPARK will be a Special Economic Zone, where tenants will benefit from regulatory, fiscal and non-fiscal support. 
“SPARK’s status supports the energy city’s objective to attract investments and improve its competitiveness for the regional and global export of energy products and services,” he said.
Highlighting SPARK’s role in unlocking the full potential of the Kingdom’s energy resources in line with the Kingdom’s economic transformation plan, Al-Falih said: “SPARK is one of the country’s most ambitious projects, affirming the Kingdom’s commitment to Vision 2030 by creating thousands of high-skilled jobs, serving as an economic catalyst and advancing Saudi Arabia’s strong position in the global energy sector.”
Saudi Aramco President and CEO Amin Nasser said: “The King Salman Energy Park will start a new era of growth for one of the Kingdom’s thriving sectors. It will serve as a central gateway to the region’s economies with Saudi Aramco continuing to be at the heart of the global oil and gas industry.
“We’re looking forward to collaborating with our first anchor partners at SPARK, as we are investing in business opportunities for international investors and private-sector companies in the Kingdom. Together, we are building a world-class energy hub that will accelerate solutions across the value-chain for generations,” he added.
SPARK has already attracted investments from foreign and local companies to produce and manufacture goods and services in the Kingdom’s energy sector. 
The investment in the first phase of the project is expected to be around $1.6 billion. 
When operational, SPARK is estimated to contribute more than $6 billion to the Kingdom’s GDP annually and create up to 100,000 direct and indirect jobs. 
Twelve agreements and memorandums of understanding were signed on Monday for land leasing and the construction of investment partnerships in the city, worth SR 1.2 billion, between Saudi Aramco and the city’s board of directors and some international and local companies, including Schlumberger, Halliburton and Baker Hughes GE, Halliburton, Oilfields Supply Center, Saudi Information Technology Company, Al-Rushaid Group, and many more.
The first phase will target more than 120 investments.
SPARK will target five areas; the first one focuses on industrial manufacturing and will include electrical equipment,
liquids and chemicals, metal formation, and other industrial services. The other areas include a dry port area with an annual capacity of 8 million metric tons, a Saudi Aramco drilling and well-maintenance area, a specialized training area that can accommodate 10 training centers aimed at developing skills and building the capacity of Saudi national cadres, and finally, a residential, commercial and recreational area.


Riyadh Oasis opens its doors for winter leisure festival

Riyadh Oasis opens its doors for winter leisure festival
Located between Al-Ammariyah and Diriyah, the stunning desert area just outside of Riyadh city will combine modern luxury with oasis scenery. (Supplied)
Updated 17 January 2021

Riyadh Oasis opens its doors for winter leisure festival

Riyadh Oasis opens its doors for winter leisure festival
  • Saudi capital’s latest desert attraction features live entertainment, shopping and international fine dining

RIYADH: The highly anticipated Riyadh Oasis will begin serving customers from Sunday until April 12.
The event, sponsored by the General Entertainment Authority (GEA) and the International Company for Organizing Events and Activities, in cooperation with Seven Experience and Rotana audio and video company, is a luxury entertainment project in the Kingdom’s desert interior.


Saudi Royal Court Adviser and Chairman of the General Entertainment Authority Turki Alalshikh took to Twitter to announce the date of inauguration, telling followers that “our rendezvous will be on Sunday, God willing, out of your wildest imagination!”

Described as “a tailor-made 5-star winter sanctuary at the heart of Riyadh’s beautiful golden desert landscapes,” Riyadh Oasis will offer an entertainment experience where visitors will be able to explore, eat, play, celebrate and camp out with friends and family.

Located between Al-Ammariyah and Diriyah, the stunning desert area just outside of Riyadh city will combine modern luxury with oasis scenery.
The oasis will provide Saudis with the chance to experience the country’s rich culture, live entertainment and fine dining, along with multinational cultural music and live performances.

Also featured is a shopping area with brands such as perfumery Tolat Etr, luxury jewelers Cardial, and local home and retail store Papillon.
The oasis also offers accommodation in the form of “glamps” — “glamorous camps.” Able to hold up to eight people, these strikingly decorated, tastefully modern areas include living rooms, dining areas and luxury bathrooms. While overnight stays are not possible at the glamps, the oasis is open between 3 p.m. and 3 a.m. on weekdays, and 1 p.m. and 3 a.m. on weekends.
A selection of award-winning international cuisines will be on offer, with pop-ups of famous international outifts such as Japanese restaurant Zuma, Latin American fusion restaurant Amazonico, Emirati Arabic restaurant Ninive, and Greek seafood restaurant Nammos.

HIGHLIGHTS

• The oasis offers accommodation in the form of ‘glamps’ — ‘glamorous camps.’ Able to hold up to eight people, these strikingly decorated, tastefully modern areas include living rooms, dining areas and luxury bathrooms. While overnight stays are not possible at the glamps, the oasis is open between 3 p.m. and 3 a.m. on weekdays, and 1 p.m. and 3 p.m. on weekends.

• People can book tickets for the restaurants and the glamps using The Chefz app. Restaurant reservations cost between SR500 ($130) and SR860, while a reservation for one of the Glamps will be about SR13,000.

People can book tickets for the restaurants and the glamps using The Chefz app. Restaurant reservations cost between SR500 ($130) and SR860, while a reservation for one of the Glamps will be about SR13,000.
Maha Abdulmajeed, a Riyadh resident, told Arab News that she had booked a reservation for Zuma “almost immediately” when news broke of its opening.
“I’m a big fan of Zuma; I’ve been to both their Dubai and New York locations. I’m very excited to visit the pop-up, especially with COVID-19 affecting my ability to travel,” she said.
“I’ve been to several other pop-ups that came to Saudi during Riyadh Season and Jeddah Season, such as Nusr-Et and Coya, so I have no doubt that the Riyadh Oasis pop-ups will be just as well-done and enjoyable,” she said.
Sarah Alghamdi, who plans to travel to Riyadh from her hometown of Alkhobar, told Arab News that she would be making a reservation for at least one of the restaurants.
“I haven’t had the chance to visit any of the permanent locations yet, so I’m not sure which one to try, but I would love to be able to visit at least one of them,” she said.
Alghamdi said that she appreciated the efforts that the Kingdom was making to keep citizens entertained and happy while international travel was not possible.
“My family is in the habit of traveling abroad every year around this time, and since we were unable to do so this year, it kind of bummed us all out. It’s great that we still have the opportunity to travel and experience new things even if we can’t go abroad. It’s also really made me appreciative of domestic travel. It’s very easy to assume that there’s nothing to do at home and that international destinations are the only ones that can hold any appeal,” she said.