Spark Logistics has inked two MoUsthat would allow multinational welding equipment supplier Esab and local oil and gas chemical products outfit Petromasafi to lease existing pre-built facilities at Spark’s dry port bonded area, according to a joint press release. Spark Logistics is a JV between King Salman Energy Park (Spark) and Hutchison Ports.

The details: The Esab and Petromasafi will rent 15k sqm of facilities to be used as light manufacturing and distribution points from which they’ll serve oil and gas sector. The partnership looks to create over 100 new jobs.

Background: The JV’s logistics zone is expected to kick off operations this year, offering services that include customs clearance and bonded warehouse storage. The hub looks to host 10 mn tonnes of cargo.

What they said: “These agreements are in line with our commitment to localize the energy value chain and establish a leading industrial hub that offers global connectivity to the Saudi energy sector,” Spark Logistics Chairman Saif Al Qahtani said.

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