SPARK and SeAH GSI Break Ground on $240m Seamless Stainless Steel Tube Production Facility

SPARK and SeAH GSI Break Ground on $240m Seamless Stainless Steel Tube Production Facility

King Salman Energy Park (SPARK), the leading energy industrial ecosystem, celebrated the groundbreaking of SeAH Gulf Special Steel Industries’ (SeAH GSI) new production facility.

SeAH GSI, a joint venture between the Saudi Arabian Industrial Investments Company (Dussur) and the leading Korean steel manufacturer – SeAH CSS, is building the first of its kind stainless-steel seamless pipes and tubes production facility in Saudi Arabia.

The groundbreaking ceremony was attended by H.E. Park Joon-yong, the South Korean Ambassador of Saudi Arabia, and Eng. Saif Al Qahtani, President and CEO of SPARK, along with executives from Saudi Aramco, Dussur, SeAH Holding and SPARK.

The new facility, which is valued at almost SAR 900 million (∼USD 240m), will span almost 178,000 square meters and will have the operating capacity to produce 20,000 tons of seamless pipes & tubes per annum. The facility is expected to begin operations in 2025, generating hundreds job opportunities.

SPARK’s President and CEO, Saif Al Qahtani, said: “We are delighted to celebrate the groundbreaking of a first of its kind production facility in the Kingdom. At SPARK, we aim to facilitate a world-class ecosystem that enables growth and encourages innovation for local and international investors. I am confident that the resources provided at SPARK