Saudi Crown Prince lays foundation stone for King Salman Energy City
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz
laid the foundation stone for King Salman Energy City (SPARK), which is
designed to be a global centre for energy, industry and technology.
The first phase of the construction of the
50-square-kilometre city will be completed in 2021. Located between Dammam and
Al-Ahsa, in the Eastern Region, the first phase of the city project covers 12
square kilometres with investments of SR6 billion.
Saudi Aramco is developing, operating, managing and
maintaining the city's infrastructure, in partnership with the Saudi
Organization for Industrial Estates and Technology Zones (MODON).
In a statement to the Saudi Press Agency (SPA),
Minister of Energy, Industry and Mineral Resources Eng. Khaled bin Abdulaziz
Al-Falih said that the city project aims to strengthen the Kingdom's position
as a regional and global energy hub, by developing a competitive Saudi
industries and services sector globally, and support the Kingdom's strategic
initiatives.
SPARK is expected to contribute to the Kingdom's GDP
by more than SR22 billion and to provide labour market with up to 100,000
direct and indirect jobs.
