Spark signs agreement with Hutchison Ports to operate dry port and...

Spark signs agreement with Hutchison Ports to operate dry port and...
Spark signs agreement with Hutchison Ports to operate dry port and...
Occurred King Salman Energy City (Spark) and Hutchison Ports have signed a partnership agreement to manage and operate the dry port and logistics area of ​​Spark, which is based on an area of ​​3 square kilometers, according to the highest international standards. This important facility was established to assist investors in accessing global markets, providing the opportunity to increase the demand for goods and energy services in the Middle East and beyond, as well as catering to the logistics of neighboring cities and industrial complexes.

King Salman Energy City (SPARK) is a sustainable global energy hub, an integrated industrial city that is being developed in 3 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.

Commenting on this agreement, Muhammad Yahya Al-Qahtani expressed: The Chairman of the Board of Directors of King Salman Energy City 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 easy access to local 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 Ip noted; Managing Director of Hutchison Ports Group, on 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. its competitiveness.

In turn, Eng. Saif Al-Qahtani said: President and CEO of King Salman Energy City: “Our partnership with Hutchison Ports represents a quantum leap in our continuous development path pursued by Spark. oil and gas. Today, we are excited about this fruitful partnership with Hutchison Ports as it will help us open up global markets to our partners and investors, which will enable them to operate more efficiently and reduce transportation time and costs alike.”

It is worth noting that the first phase of King Salman Energy City “SPARK” 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 clearance area Customs.

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