Saudi Aramco, SPARK ink SAR 1.2 bln land lease and JV agreements

11/12/2018 Argaam

 

State oil giant Saudi Aramco and the board of directors at King Salman Energy Park (SPARK) signed SAR 1.2 billion worth agreements with local and international companies, a company statement said on Monday.

 

The agreements include land leasing and joint venture (JV) deals, it added. 

 

The firms include:

 

- Schlumberger

- Halliburton

- Oilfields Supply Center

- Saudi Information Technology Company (To set an ICT investment firm)

- Raytheon (To set up a cyber-security firm)

- National Oil Services Company (Leasing land for a special chemical production facility at the oilfields)

- National Metal Manufacturing and Casting Co. (Maadaniyah)

- Emerson

- UND Aerospace Foundation

 

Crown Prince Mohammed bin Salman broke ground on the first phase of SPARK, located in the Kingdom’s Eastern Province, yesterday.

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