Spark to Raise $3 Billion in Investment

The King Salman Energy Project has attracted $3 billion in investment from over 60 investors. To date, the project has 7 operational factories with 14 factories under construction.

Built over an area of 50 Km square, the King Salman Energy Project (known as Spark) is a mega energy project located in KSA’s Eastern region between Dammam and El Ahsa. The project development and management are taking place by the Saudi Arabian Oil Group (Aramco). SPARK’s long-term economic impact is expected to result in 100,000 direct and indirect jobs; increase annual GDP by SAR 22.5 billion, and develop more than 350 new industrial and service facilities [1].

In one of the biggest economies on the planet, tenants and investors will be in a prime location to connect with energy companies locally, in the larger Gulf area, and globally. The project is divided into three zones: industrial, residential and commercial, and logistics zone.

As part of the Vision 2030 projects, Spark will reinforce KSA’s position in the global energy market. International and local businesses from all points along the energy supply chain collaborate on this massive project to build an ecosystem of the highest caliber.