SPARK marks significant progress milestones with new tenant

SPARK’s ambition is to localize energy services in the region

King Salman Energy Park (SPARK), the leading industrial ecosystem, announces lease agreements with two new tenants and the start of construction for key existing tenants. These developments mark a significant milestone for SPARK as it drives localization of key products and services within the energy value chain.

The new lease agreements, totalling over SAR 30mn represent significant investments in driving sustainable industrial growth in the Kingdom. Abdulaziz & Brothers Safety Manufacturer (A&BC Reliable Protection), which produces high-quality Personal Protective Equipment (PPE) will set up their first facility at SPARK for the industrial and construction sectors.

HVAC

Meanwhile, Enjaz Al-Mustaqbal Industrial Company (Future Achievements) plans to establish a new manufacturing facility to support heating, ventilation, and air conditioning (HVAC) sector localization efforts.

Construction has also begun across key projects at SPARK, with a total investment value of SAR 250mn. Global technology software and engineering powerhouse, Emerson, has also begun construction of its advanced technology operations in SPARK, which are expected to be operational in Q4-2024.

Pivotal role

SPARK continues to play a pivotal role in cementing Saudi Arabia’s position as a global energy, industrial, and technology hub in line with Saudi Arabia’s Vision 2030 objectives to increase local manufacturing capacities. The ongoing development of these projects underscores SPARK’s progress and commitment to advancing localization efforts in Saudi Arabia.

“Our recent strides, including welcoming new tenants and initiating construction on key projects, drive our ambitions forward. As we anticipate forging new alliances, together with our partners, we take pride in fostering sustainable growth and innovation in the Kingdom and beyond,” stated Saif Al Qahtani, President, and CEO, SPARK.