{"id":91359,"date":"2024-11-10T00:00:00","date_gmt":"2024-11-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/10\/spark-five-new-tenants-agree-to-new-manufacturing-facilities\/"},"modified":"2024-11-10T00:00:00","modified_gmt":"2024-11-10T00:00:00","slug":"spark-five-new-tenants-agree-to-new-manufacturing-facilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/10\/spark-five-new-tenants-agree-to-new-manufacturing-facilities\/","title":{"rendered":"Spark + five new tenants agree to new manufacturing facilities"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>King Salman Energy Park (Spark) signed five letters of intent worth a combined SAR 3 bn <\/strong><strong>to establish manufacturing facilities <\/strong>for a new batch of local and international tenants, according to a <a target=\"_blank\" href=\"https:\/\/www.spark.sa\/page\/news_detail\/3350\" style=\"\" rel=\"noopener\">press release<\/a>. The agreements \u2014 inked on the sidelines of ADIPEC 2024 \u2014 will help localize the energy supply chain at the park while boosting manufacturing output and creating upwards of 3k direct and indirect jobs, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Facilities breakdown: <\/strong><\/p>\n<ul>\n<li>France-based <a target=\"_blank\" href=\"https:\/\/www.biochemopharma.fr\/\" style=\"\" rel=\"noopener\">BioChem<\/a> will establish the region\u2019s first xanthan gum plant, spanning 100k sqm and producing 20 kilotons annually;<\/li>\n<li>India\u2019s <a target=\"_blank\" href=\"https:\/\/mangroup.com\/\" style=\"\" rel=\"noopener\">MAN Industries<\/a> will set up a 360k sqm facility to produce large-diameter carbon steel pipes with anti-corrosion coatings;<\/li>\n<li>Dammam-based <a target=\"_blank\" href=\"https:\/\/www.primetechco.com\" style=\"\" rel=\"noopener\">Primetech International<\/a> will establish a facility manufacturing blow-out preventers and manifolds to support the Kingdom\u2019s Saudi Made branding internationally; <\/li>\n<li>India\u2019s <a target=\"_blank\" href=\"https:\/\/thermocables.com\/\" style=\"\" rel=\"noopener\">Thermocables<\/a> will establish a 10k sqm speciality cable manufacturing hub;<\/li>\n<li>Hong-Kong based <a target=\"_blank\" href=\"http:\/\/www.dalipal.com\/eng\" style=\"\" rel=\"noopener\">Dalipal Holdings<\/a> will roll out a 1 mn sqm seamless steel pipes manufacturing plant to support the local energy services sector. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Spark had lined up a total of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/200c39e7-1ed8-4209-892e-db8152ff7f6e\/al-nassr-vs.-qatar%25e2%2580%2599s-al-rayyan-today\" style=\"\" rel=\"noopener\">USD 3 bn<\/a> in expected investments from 60 investors as of September, with seven tenants operating facilities and another 14 awaiting facilities that are under construction. The industrial city is the first in the world to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/37395502-204a-4736-be59-20c570ab2f0d\/sustainable-construction-gets-double-kudos#:~:text=King%20Salman%20Energy%20Park%3A%20The%20first%20industrial%20city%20to%20receive\" style=\"\" rel=\"noopener\">receive a LEED Silver certification<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>US-based software and engineering firm Emerson became the latest addition to Spark, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0afec306-5686-4882-8286-8c22157ff42e\/the-new-commercial-registry-%2B-trade-names-laws-will-go-into-effect-in-early-2q-2025\" style=\"\" rel=\"noopener\">last month<\/a>. The company inaugurated a 13k sqm manufacturing facility to produce control systems, valves, measurement instruments, and industrial lighting assemblies, with some production earmarked for regional exports. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new manufacturing facilities will support local energy supply chains<\/p>\n","protected":false},"author":1,"featured_media":91360,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[2425,10,1982,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-energy","tag-enterpriseam-ksa","tag-king-salman-energy-park-spark","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"6f08a58d-4faf-4615-a2d3-30207e6e9155","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/733.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Spark inks LOIs worth SAR 3 bn with five new local and international tenants","related_issue":[91348],"teaser":"The new manufacturing facilities will support local energy supply chains","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.094e6520-48e8-4ea6-b653-fccee08df698.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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