SPARK and Mubarak A. AlSuwaiket and Sons Oil & Gas Services Co. sign agreement

SPARK and Mubarak A. AlSuwaiket and Sons Oil & Gas Services Co. sign agreement

The leading Saudi oilfield services provider will develop a manufacturing facility to produce corrosion protection tapes, and establish an oil and gas equipment and manufacturing facility and service center

The agreement is a testament to SPARK’s attractiveness for investors as a leading industrial ecosystem in the heart of the energy market.

Mubarak A. AlSuwaiket and Sons Oil & Gas Services Co’s presence contributes towards SPARK’S integrated ecosystem, promoting the localization of manufacturing and clean energy production.

Saudi Arabia – King Salman Energy Park (SPARK), the leading industrial ecosystem with sustainability at its core, announced today the signing of an agreement with Mubarak A. AlSuwaiket and Sons Oil & Gas Services Co. (MASO&G) representing SAR 40 million worth of investment in SPARK.

Through the agreement, MASO&G will develop a factory in SPARK producing corrosion protection tapes made of polyisobutylene (PIB), an environmentally friendly viscous compound. In addition, MASO&G will establish an oil tools equipment manufacturing and service center.

The agreement will contribute towards the development of SPARK’s integrated ecosystem in line with its aim of localizing manufacturing while supporting job creation. Furthermore, SPARK is committed to enabling the production of environmentally friendly products and technologies as part of its ESG commitment.

The agreement was signed by SPARK’s