Project Covers 214,000 Square Meters

Supporting Industrial Localization, Empowering Energy Suppliers, and Strengthening Supply Chains

Riyadh | BETH | B

King Salman Energy Park (SPARK) has signed an agreement with Abra Al-Mamlakah Real Estate Company to develop 168 ready-built and specialized factories across an area of 214,000 square meters, with the aim of supporting industrial localization, empowering suppliers to the energy sector, and enhancing supply chain efficiency.

Sponsored by His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, the agreement was signed by Mishal Al-Zughaibi, President and Chief Executive Officer of King Salman Energy Park (SPARK), and Abdulwahab Al-Harbi, Chief Executive Officer of Abra Al-Mamlakah Real Estate Company.

BETH Analysis | B

The project reflects Saudi Arabia’s continued efforts to build an integrated industrial ecosystem around the energy sector, extending beyond energy production to the development of related industries and the enhancement of local content.

Ready-built and specialized factories are expected to accelerate market entry for investors and manufacturers while reducing the time and costs required to begin operations, thereby improving supply chain efficiency and strengthening the competitiveness of the industrial sector.

The initiative also highlights a broader strategy to transform energy-related industrial cities into integrated hubs for manufacturing and logistics services, reinforcing the Kingdom’s position as a regional center for energy industries and supply chain services, in line with the objectives of Saudi Vision 2030.