Saudi Aramco has announced plans for the King Salman Energy Park (SPARK), an energy megaproject.
Targeting exploration, production, refining, petrochemicals, conventional power, and water production and treatment, SPARK will offer manufacturing and service activities ranging from equipment for drilling, electrical services, liquids treatment, exploration and production services, pipes, vessels, tanks, valves and pumps.
The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business, near major workforce providers and adjacent to highway and railway networks. This location will also allow for integration with Dammam's 3rd Industrial City, as well as proximity to power generation and water sources, and logistical services.
SPARK’s long-term economic effect is expected to result in 100 000 direct and indirect jobs; increase annual GDP by SR22.5 billion; and localise more than 350 new industrial and service facilities.
Saudi Aramco’s local-content mission is to develop a sector that covers 70% of local demand and can export 30% of its products by 2021.
Construction began in September 2017, and the completion rate for the whole project’s engineering designs is now more than halfway complete. Investors’ plot allocations took place during 3Q18, and the first phase as a whole will be completed in 2021. SPARK is expected to be completed in 2035.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/07122018/saudi-aramco-announces-energy-megaproject-spark/