fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Energy

Oilfields Supply Center to Invest $570 Million at Saudi’s SPARK

The allotted land from Phase I is available for investment that will boost the Kingdom’s energy sector

The Global Economics by The Global Economics
April 22, 2021
in Energy, Trending
Reading Time: 1 min read
0
Oilfields Supply Center to Invest $570 Million at Saudi’s SPARK

Oilfields Supply Center to Invest $570 Million at Saudi’s SPARK

32
SHARES
179
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Oilfields Supply Center Ltd. (OSC) will invest $570 million for a center at the King Salman Energy Park (SPARK).

Covering an area of 1 million square meters with several zones, the OSC supply base is a major part of the deal, which will create an ideal environment for SMEs, local and international companies, and contribute towards Saudi Arabia’s 2030 Vision. 

In a press statement on Monday, SPARK chairman of the board of directors Dr. Mohammed Yahya Al-Qahtani stated that OSC is supplying pre-built industrial solutions that give flexibility to investors to rent industrial workshops and facilities and de-risks set-up phase for them, alongside providing supporting services.  

The deal is expected to generate jobs in the energy sector. Notably, every phase of the on-site work will be completed by the Q4 of 2023. Last month, SPARK announced that 80% of the infrastructure for Phase I has been completed and the remaining 20% (Phase II & III) will be done by the end of this year. 

According to OSC’s director Iqbal Mohammed Abedin, the creation of a gas and oil supply base at SPAR is the only fully integrated energy hub in the region that will bolster the development of a sustainable and competitive energy sector in Saudi Arabia.

Tags: energyparkgeneratejobsInvestiqbalmohammedabedinkingsalmanmohammedyahyaAlQahtanioilfieldsupplycenterOSCSaudiArabiasparkuae
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters
Energy

Oil Cools Off on a Weak Dollar

by Anuj Singh
February 1, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Emirates
Energy

Dubai’s Emirates Makes History As It Conducts a Test Flight With 100% Sustainable Aviation Fuel

by Marifur Rahman
January 30, 2023
Oil prices rise due to Chinese economic recovery
Ultility

Oil prices rise on stronger Chinese economic recovery.

by Anuj Singh
January 24, 2023
Landmark event in the aviation industry: ZeroAviva's Dornier 228
Energy

Break-Through In The Aviation Industry As ZeroAviva Flies The World’s Largest Hydrogen Aircraft

by Shreejita Roy
January 20, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version