“Spark” signs 10 agreements with regional and international companies worth $600 million
King Salman Energy City (SPARK) signed 10 strategic agreements with a group of leading regional and international companies during its participation in the ADIPEC 2025 exhibition, with a total investment value exceeding $600 million.
These agreements include key sectors such as complex manufacturing, energy systems, digital solutions, and sustainable technologies, in a step that confirms Spark’s pivotal role in promoting industrial localization and consolidating the Kingdom’s leadership in the field of energy.
Localization of supply chains
These agreements are a prominent milestone in Spark’s journey towards localizing supply chains in the energy sector, expanding advanced manufacturing capabilities, and attracting modern technologies to the Kingdom.
They are expected to contribute – when implemented – to establishing advanced industrial facilities and providing more than 3,000 direct and indirect job opportunities, in a way that supports achieving the goals of Saudi Vision 2030.
10 agreements
It included The agreements are both: • Technofiber Company: An approved supplier from Saudi Aramco, affiliated with the Techno Group, specializing in the manufacture of GRP pipes, fiberglass poles and covers, in addition to lighting poles and FRP tanks made of fiberglass.
The agreements included: Inkan Power Company: A Saudi industrial company concerned with the manufacture of high- and medium-voltage gas-insulated electrical switches, in support of the energy infrastructure in the Kingdom.
Among the agreements are: Saudi Net Link Company: a Saudi company specialized in communications and digital solutions, contributing to the development of smart infrastructure within the Spark system.
The agreements included: Ouyi Valves Company: a Chinese company specialized in manufacturing a variety of high-performance industrial valves, contributing to the localization of valve technologies in the Kingdom.
The agreements included: Baroid Company (Baroid): A global leader in the field of drilling fluids and specialty chemicals, which enhances the value chain in the oil and gas sector.
Among the agreements are: JOLT Green Chemicals MENA: working to develop catalysts and electrodes for industrial applications and sustainable energy, in support of green technologies in the region.
The agreements included: Al Sharhan Contracting Company: is in the process of establishing a facility specialized in manufacturing electrical switchgear systems. Gas insulated gas (GIS) to increase the efficiency of electrical networks in the region.
The agreements included: Hanwha Power Systems: A global leader in energy and hydrogen solutions, planning to establish a facility in Spark to produce advanced compressor systems.
The agreements included: Gulf Cryo: It is working to expand its Applications and Technology Center (ATC) in Spark, with the aim of developing solutions for industrial gases and low hydrogen. Carbon, and enhancing sustainability in the industrial sector.
Among the agreements are: Blue Line: a company specialized in manufacturing jumbo packaging bags (Jumbo FIBC) to serve the chemical and petrochemical industries sectors.
Providing job opportunities
Mishaal Al-Zogheibi, CEO of King Salman Energy City (SPARK), said: "The agreements we signed during ADIPEC 2025, whose value exceeded $600 million, represent an advanced step in Spark’s journey towards accelerating the pace of localization of vital supply chains in the energy sector, supporting industrial growth and providing quality job opportunities."
These agreements embody Spark’s commitment to attracting local and international investments that are in line with its vision of a sustainable and diversified industrial future, based on cooperation, innovation and long-term value creation.
SPARK is a pioneering industrial system that places sustainability at the core of its business, and represents a strategic gateway that connects the world to promising opportunities in the Saudi and global energy sector. Spark is a huge national project that supports the goals of Saudi Vision 2030, and contributes to enhancing the Kingdom’s role in the global transformation of the energy system, through a world-class investment environment that combines innovation, localization, and sustainable development.
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