King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate, a subsidiary of Pan Kingdom Holding Group, to develop a major complex of ready-built energy-related industrial facilities within SPARK.
The agreement, inked under the patronage of Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz marks a key step in strengthening Saudi Arabia’s energy ecosystem by boosting local content, reinforcing energy supply chains, expanding the localization of energy-related products and services, and supporting the objectives of Saudi Vision 2030 to increase the energy sector’s contribution to the national economy.
Under the deal, Pan Kingdom Real Estate will develop an integrated industrial complex consisting of 168 ready-built industrial units spread across 214,000 square meters. The project is designed to serve companies operating in the energy sector and its supporting supply chains, offering advanced industrial facilities, supporting infrastructure, and services built to high industrial standards.
The development will provide ready-built, specialized industrial facilities aimed at attracting global manufacturers and suppliers, enabling them to establish and operate efficiently and cost-effectively. It will also offer flexible industrial solutions that support localization of components and services while accelerating operational readiness for energy sector companies.
King Salman Energy Park (SPARK) is one of the world’s leading industrial cities dedicated to the energy sector. It provides an integrated ecosystem of infrastructure, logistics services, and investment solutions that support business growth and promote localization of high-value industries and services.
Strategically located near major ports, airports, and transport networks, SPARK enhances supply chain efficiency and logistics capabilities while improving access to energy markets across Saudi Arabia and the wider region for both local and international companies.
The project also supports the Saudi Ministry of Energy’s Nuwatin initiative, which aims to increase local content by enabling local and international companies through integrated industrial infrastructure. The initiative is designed to develop energy-related industries, expand the domestic supplier base, create new investment opportunities, and increase the contribution of national enterprises to the economy, in line with broader energy sector development goals.
