King Salman Energy Park (SPARK) signs tenant agreements with TAQA and AMCO

King Salman Energy Park (SPARK) signs tenant agreements with TAQA and AMCO

Dhahran, Saudi Arabia, 4 March 2021: King Salman Energy Park (SPARK), the region's only fully integrated energy hub, today welcomed two new strategic investment in the oil and gas sector, TAQA and AMCO.

President and CEO of SPARK, Saif Al-Qahtani, said, “SPARK is proud to welcome TAQA and AMCO as they take the first step towards launching their operations. SPARK sits at the heart of the energy market, offering a world-class ecosystem that facilitates the growth of our tenants' businesses and brings sustained value to our wider communities. SPARK is set to be a fully integrated city, bringing together major national and international companies and fuelling economic growth and job creation.”

As an anchor tenant, TAQA will expand its local operations with the TAQA Industrial Park at SPARK, strategically located close to their primary clients, TAQA will establish a brand-new facility that will include oilfield services, a specialty facility for engineering and manufacturing, and a wireline and perforation center of excellence. The facilities will be constructed in two phases starting in the second quarter of 2021, with the design and developmental planning stages having already commenced. The integrated center of operations at SPARK allows TAQA more efficient and effective utilization of resources