Oilfields Supply Center to invest $570m in new facility at Saudi energy park

Oilfields Supply Center to invest $570m in new facility at Saudi energy park

RIYADH: Oilfields Supply Center Limited (OSC) is to invest $570 million building a center at the King Salman Energy Park (SPARK). "OSC is providing pre-built industrial solutions which de-risk the set-up phase for investors and give them flexibility to rent industrial facilities and workshops on demand, in addition to providing a full set of supporting services," Dr. Mohammad Yahya Al-Qahtani, chairman of the SPARK board of directors, said in a press statement on Monday. "The base is expected to create thousands of jobs in the energy fields." Iqbal Mohammad Abedin, OSC's director and corporate affairs general manager, said all phases of work on the site were due to be completed by the fourth quarter of 2023. "The creation of an oil and gas supply base on site at SPARK, the region's only fully integrated energy hub, is another example of how the project complements Aramco's In-Kingdom Total Value Add Program, which encourages the development of a diverse, sustainable and globally competitive energy sector in the Kingdom," Abedin said. SPARK will be built in three phases. Last month, it announced that 80 percent of the infrastructure work for phase one had been completed, with the remaining 20 percent due to be