King Salman Energy Park in the Eastern Province.
Global firms to set up factories at Spark
01 December 2024
Three global groups – MAN Industries and Thermocables (both from India) and Hong Kong-based Dalipal Holdings – have signed agreements with King Salman Energy Park (Spark) to set up steel pipes and cable manufacturing facilities within the mega industrial development in the Eastern Province of Saudi Arabia.
This comes as part of SR3 billion ($798 million) letters of intent signed by Spark, a key industrial ecosystem in Saudi Arabia, on the sidelines of Adipec 2024, the world’s largest gathering for the energy industry.
A global leader in the line pipe sector, MAN Industries said under this pact, it will be setting up a 360,000-sq-m facility at Spark. The facility will produce large-diameter carbon steel pipes and offer anti-corrosion coatings, boosting the metal processing sector in Saudi Arabia, remarked its Projects Vice President Hardik Shah.
Thermocables, a leading manufacturer of specialty cables, will focus on quality cable production at its 10,000 sq m Spark manufacturing hub, stated its Chairman Chetan Ghurka.
As per the deal, Dalipal Holdings is set to produce seamless steel pipes at its Spark facility. This plant, which will occupy over 1 million sq m, aims to cater to the kingdom’s energy services sector, said its Chairman Meng Fanyong.
In addition to these three, leading entities BioChem, a chemical manufacturing company and Saudi-based Primetech were also part of Spark deals.
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