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English news

09-Dec-2018

Crown Prince to launch King Salman Energy Park on Monday

Crown Prince Muhammad bin Salman will inaugurate on Monday King Salman Energy Park, ‘Spark’, located in the Kingdom's Eastern Province. The Crown Prince will lay the foundation stone of Spark, managed by Aramco with investments worth around USD1.6bn (SAR6bn) allocated for preparing and setting up the infrastructure. It will be developed through three phases on a space of approximately 50 square kilometres. Spark will provide a USD6bn (SAR22.5bn) boost to the Kingdom's GDP upon completion and will create 100,000 job opportunities, Ahmad Al Ghamdi, manager of Saudi Aramco’s Process and Control Systems Department, said. 

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