Khobar - King Salman Energy City (SPARK) and Hutchison Ports signed today, Thursday, Safar 09, 1443 AH, corresponding to September 16, 2021 AD, a partnership agreement to manage and operate the dry port and logistics area in Spark, which is based on an area of ​​3 square kilometers according to the highest international standards, to help investors in Access to global markets, which provides the opportunity to increase the demand for goods and energy services in the Middle East and beyond, as well as meet the logistics of neighboring cities and industrial complexes.

King Salman Energy City (SPARK) is a sustainable global energy center, and it is an integrated industrial city that is being developed in three phases, on an area of ​​50 square kilometers in the Eastern Province of Saudi Arabia, with a vision to become the leading gateway for logistics services to the regional energy sector, offering an integrated set of Services to support business growth, attract more foreign investments, and provide job opportunities in the Kingdom. Spark provides world-class infrastructure to global investors in the crude oil and gas industry, refining, petrochemical industries, electric power and water production and treatment. 

The Chairman of the Board of Directors of King Salman Energy City, Muhammad Yahya Al-Qahtani, expressed his pride in this important step, which will constitute an additional point of attraction for investors in the sector due to Hutchison Ports’ global experience in managing and operating ports and logistics areas, noting at the same time that this partnership will provide investors with ease. Access to local and global markets It also comes within the framework of the continuous efforts led by Spark to contribute to the IKTVA program by providing the advanced infrastructure needed by investors and manufacturers in the Kingdom of Saudi Arabia.

For his part, Eric Ibe, Managing Director of Hutchison Ports Group, noted the importance of the Saudi market, expressing his enthusiasm to participate in this ambitious and huge project that will impose new standards and concepts in the logistics sector. Spark and increase its competitiveness.

In turn, the President and Chief Executive Officer of King Salman Energy City, Eng. Saif Al-Qahtani, stated that the partnership with Hutchison Ports is a quantum leap in the progress and development of Spark, as the dry port and the logistics area is a major focal point to unleash the full potential of our strategic location within the eastern region of the Kingdom of Saudi Arabia, an area distinguished by its resources from oil and gas. Pointing out that this is with Hutchison Ports because it will help us open the global markets to our partners and investors, which will enable them to work more efficiently and reduce transportation time and costs alike.

It is worth noting that the first phase of King Salman Energy City includes several areas, including the industrial area, the business area, the residential and commercial area, the training area, in addition to the dry port area and logistics services, which is based on an area of ​​3 square kilometers and includes warehouses, state-of-the-art storage facilities and a customs clearance area.