King Salman Energy City (SPARK) and Hutchison Ports have signed a partnership agreement to manage and operate Spark’s dry port and logistics area, which is based on aarea of 3 square kilometers in compliance with the highest standard international.
This important facility was established to assist investors in accessing global markets, which offers the opportunity to increase the demand for energy goods and services. in Middle East and beyond, as well as cater to the logistics services of neighboring cities and industrial complexes, according to a press release received by Al Arabiya.net.
King Salman Energy City (SPARK) is a sustainable global energy hub, an integrated industrial city that is developing in three phases, on onearea of 50 square kilometers in the eastern province of Saudi Arabia, with the vision of becoming the main gateway for logistics services to the regional energy sector, offering an integrated set of services to support the growth of the business, attracting more foreign investment and providing employment opportunities in the Kingdom. Spark provides world-class infrastructure to global investors in the crude oil and gas, refining, petrochemical, electricity and water production and processing industries.
Commenting on this agreement, Mohammed Yahya Al-Qahtani, Chairman of the Board of Directors of King Salman Energy City, expressed his pride in this important step, which will be an additional point of attraction for investors in the sector thanks to the global presence of Hutchison Ports. experience in the management and management of ports and logistics areas. He indicated that this partnership will provide investors with easy access to local and global markets and is part of Spark’s ongoing efforts 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 Ebb, CEO of Hutchison Ports Group, highlighted the importance of the Saudi market and expressed his enthusiasm to participate in this ambitious and huge project that will impose new standard and concepts in the logistics sector. Further further investors in Spark and increase its competitiveness.
In turn, Eng. Saif Al-Qahtani, President and CEO of King Salman Energy City, said, “Our partnership with Hutchison Ports represents a quantum leap in our ongoing development path pursued by Spark as the dry port andarea logistics are an important focal point in unlocking the full potential of our strategic location within the eastern region of the Kingdom of Saudi Arabia. Saudi Arabia is a region that stands out for its oil and gas resources. Today we are thrilled with this fruitful partnership with Hutchison Ports in how much to help us open global markets to our partners and investors, which will enable them to operate in more efficiently and at the same time reduce transport times and costs “.
It is worth noting that the first phase of King Salman Energy City encompasses several areas, including thearea industrial, thearea of business, thearea residential and commercial, thearea of training, in addition toarea of the dry port and logistics services, which is based on an area of 3 square kilometers and includes warehouses, state-of-the-art storage facilities and aarea customs clearance.
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