SPARK is on track to become the leading energy-centric ecosystem in the world
Oilfields Supply Center Limited (OSC) has announced it awarded a contract for construction of their center in the kingdom with a total investment of US$ 570mn in King Salman Energy Park (SPARK).
The creation of the OSC base will measure one million sqm and include multiple areas and zones. The center is critical to localize the full energy supply chain, enabling investors to supply to the broader region’s and gain maximum benefit from their presence at SPARK.
“OSC is providing pre-built industrial solutions which de-risk the set-up phase for investors and give them flexibility to rent industrial facilities and workshops on demand in addition to providing a full set of supporting services,” Dr. Mohammad Yahya Al-Qahtani, Chairman of the Board of Directors, SPARK.
“The creation of an oil and gas supply base on site at SPARK, the region’s only fully-integrated energy hub, is another example of how the project complements Aramco’s In-Kingdom Total Value Add (IKTVA) program, which encourages the development of a diverse, sustainable and globally competitive energy sector in the Kingdom,” asserted Iqbal Mohammad Abedin, Director, OSC.
SPARK is on track to become the leading energy-centric ecosystem in the world, offering a foundation upon which the sector can innovate and grow. OSC’s initial investment is expected to contribute to further value creation, as it creates and maintains the oil and gas supply base and provides pre-built solutions for investors and partners of all sizes.
With 80% of its first phase infrastructure development completed, SPARK is the first industrial city in the world to obtain LEED Silver Certification. The project draws green portfolio and experience of delivering engineering and design solutions, which aim to minimize the environmental impact of infrastructure development.
