Emaar, The Economic City (Emaar EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a memorandum of understanding (MoU) with Saudi Total Lubricants Company (Satlub).

The agreement involves leasing land in the industrial zone of KAEC to allow Satlub – a joint venture of Total and Al Zahid Group, a diversified Saudi group – to set up a manufacturing plant for producing advanced lubricant products.
The plant will be the first lubricant facility of Total in Saudi Arabia.
Total is one of the world’s leading oil and gas companies, and marks the evolution of KAEC, the largest private sector-led mega-project in the region, as a prime driver of the manufacturing sector of the kingdom.
Satlub will manufacture and market the entire range of lubricants and specialty products for the automotive, industrial and marine sector within the kingdom and for future exports under the Total brand.
The state-of-the-art plant, will be commissioned in two years and will be the most-modern blending plant using fully automated technologies. The initial production capacity of the plant will be 35,000 tonnes of finished products per year, with the potential for capacity expansion.
Dr Abdulraouf Mannaa, managing director and CEO, Emaar.E.C said: “KAEC is fast consolidating its position as a robust environment for manufacturing industries, with the dedicated Industrial Zone gaining huge international investor interest. SATLUB is a leader in the lubricant industry, and the MoU will pave the way for new regional growth opportunities for the company in the lubricant business.”
KAEC is the single largest private sector-led project in the region enjoys a unique location on the Red Sea coast. The project has six key components: the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities. Work is progressing according to schedule on the various zones.