King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate, a subsidiary of Pan Kingdom Holding Group, to develop a complex of ready-built energy-related industrial facilities within the mega development located in the Eastern Province of Saudi Arabia.

Announcing this, SPARK said the project forms part of the energy ecosystem’s efforts to strengthen local content, support energy supply chains, expand the localisation of energy-related products and services, and advance the objectives of Saudi Vision 2030 to increase the energy sector’s contribution to the national economy.

Under the agreement, Pan Kingdom Real Estate will develop an integrated industrial complex comprising 168 ready-built industrial units across a 214,000-sq-m area. 

The agreement was inked with Pan Kingdom Real Estate at a key ceremony held under the patronage of Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz, said SPARK in a statement. 

Designed to meet the requirements of companies operating in the energy sector and its supporting supply chains, the development will provide advanced industrial facilities together with supporting infrastructure. 

It will further enhance SPARK’s investment environment and strengthen the operational efficiency of energy companies, it added.

One of the world’s leading industrial cities dedicated to the energy sector, SPARK offers an integrated ecosystem of infrastructure, logistics services, and investment solutions that support business growth and promote the localisation of high-value industries and services.

The development will provide ready-built specialised industrial facilities designed to attract global manufacturers and suppliers, enabling them to establish and operate their facilities efficiently and cost-effectively.