CONSTRUCTION WEEK AWARDS 2018
IN-DEPTH COVERAGE OF THE COMPANIES, INDIVIDUALS, INITIATIVES, AND PROJECTS THAT PROJECTS THAT WALKED AWAY WALKED AWAY WITH TOP HONOUR ST HIS WITH TOP HONOUR ST HIS YEAR
Saudi Arabia’s Crown Prince, HRH Mohammed Bin Salman, unveiled King Salman Energy Park (Spark), a Saudi Aramco megaproject, on 10 December, 2018.
Spark is expected to generate 100,000 direct and indirect jobs and contribute up to $6bn (SAR22bn) to the kingdom’s gross domestic product by 2035, in line with the Saudi Vision 2030 programme.
Located between Dammam and Al-Ahsa in Saudi Arabia’s Eastern Province, Spark is a three-phase, 50km2 hub for energy, industrialisation, and technology.
Phase 1 construction completion on the project is expected to be reported in 2021. Once complete, Phase 1 of Spark will span 12km2, with investments totalling approximately $1.6bn (SAR6bn).
Construction work on Spark started in September 2017, according to a Saudi Aramco statement on 6 December, and engineering designs for the scheme are currently more than half completed. Investor plot allocations were carried out in the third quarter of 2018.
Spark’s Phase 1 will comprise general manufacturing, industrial facilities, a dry port area, a Saudi Aramco well- drilling and maintenance area, and a specialised training zone for 10 centres focused on enhancing Saudi citizens’ skills. The project also includes residential, commercial, and recreational areas.
At maturity, the dry port will have a capacity of eight million metric tonnes of cargo, with high levels of automation. The completion of Phase 1 will see Spark attract more than 120 investments, according to a report by SPA.
Spark will be operated and anchored by Saudi Aramco, which will build its drilling and work-over headquarters within the city, as well as operate its procurement and supply chain management centre from the space. Aramco will develop, operate, manage, and maintain the park’s infrastructure in partnership with Modon.
According to Spark’s official website, the project seeks to attract industrial investors across five major sectors, specifically the upstream, downstream, petrochemicals, power, and water and wastewater sectors.
In addition to the work being carried out for Phase 1, also under way is the development of a regional logistics zone with customs that will connect Spark to the rest of the kingdom, and to the other Gulf states along the region’s planned rail project.
On its Twitter account, Spark stated that its first 10 investors and tenants include Baker Hughes, a GE Company; Borets; Valvo Spain; Schlumberger; Al Rushed Group; Halliburton; Emerson; University of North Dakota Aerospace; Oilfields Supply Centre Ltd; and NESR.
US company Schlumberger signed on as Spark’s first investor in December 2017, Aramco revealed in an online statement earlier this month.
SAUDI ARAMCO’S SPARK ENERGY CITY UNVEILED
Saudi Arabia’s Crown Prince HRH Mohammed Bin Salman unveiled the 50km2 King Salman Energy Park, dubbed Spark, on 10 December, 2018