26 June 2023 – Hong Kong & London--King Salman Energy Park (“SPARK”) and Hutchison Ports are pleased to announce the signing of the concession agreement to manage and operate SPARK’s dry port and bonded logistics zone (“Dry Port”). The concession was awarded to a newly established joint venture, Energy City Logistics Company (“ECLC”), between SPARK and Colour Path Holdings Limited, a Hutchison Ports company. A signing ceremony was held to commemorate the special occasion, and it was attended by senior management from both companies.
SPARK is a 50 km2 global energy hub that is in the Eastern Province of Saudi Arabia. Under the concession, ECLC will be an exclusive operator to a $400M state-of-the-art logistics facility in SPARK. The new facility will provide services for handling containers, breakbulk and project cargo, storage yards, warehousing, customs clearance, bonded and non-bonded logistics solutions tailored to the needs of SPARK energy ecosystem. The Dry Port will accelerate the Eastern Province’s development as a regional logistics powerhouse with the integration of future GCC rail link, GCC highway and multiple expressways connected to SPARK site.
Speaking on the occasion, Eng. Saif Al Qahtani, SPARK’s President and CEO said, “The Dry Port is one of the key enablers for SPARK’s ecosystem. The signing of the concession agreement marks an important milestone for the Dry Port moving to the operation readiness phase. ECLC will be ready for SPARK tenants from day one with integrated logistics solutions and efficient services, so they can focus on their productivity and value creation activities.”
Mr. Eric Ip, Group Managing Director of Hutchison Ports, said, “We are very pleased to participate in this mega project and contribute to the success of the Saudi Vision 2030 of developing the Kingdom into a global logistics hub. This partnership represents Hutchison Ports’ continued commitment to the Kingdom, and we look forward to a fruitful partnership with future business opportunities.”
1. (From left to right) Mr. Nabil Chaachou, VP Strategy & Business Development of SPARK; Mr. Saif Al Qahtani, President and CEO of SPARK; Mr. Eric Ip, Group Managing Director of Hutchison Ports; Mr. Andy Tsoi, Managing Director, Middle East and Africa of Hutchison Ports
2. (Front row seated, from left to right) Mr. Nabil Chaachou, VP Strategy & Business Development of SPARK; Mr. Saif Al Qahtani, President and CEO of SPARK; Mr. Eric Ip, Group Managing Director of Hutchison Ports; Mr. Clemence Cheng, Managing Director, Europe of Hutchison Ports. (Back row standing, from left to right) Mr. Andy Tsoi, Managing Director, Middle East and Africa of Hutchison Ports; Mr. Eric Ng, Business Director, Europe of Hutchison Ports
About King Salman Energy Park (SPARK)
King Salman Energy Park (SPARK) is a fully integrated industrial ecosystem in the heart of the energy market. SPARK spans an area of 50 km2 and is being developed with a vision to become the leading gateway to the regional energy sector, providing a complete spectrum of solutions to support business growth in the Kingdom. With its' sustainability at core, SPARK has a great ambition to supply a significant portion of power to its' tenants through renewable energy. This green initiative along with many more, made SPARK the first industrial city to attain a silver LEED certification.
SPARK offers infrastructure at international standards for global investors in the oil & gas, refining, petrochemicals, conventional power, non-metallics, renewables, hydrogen, CC(U)S, power storage and grid, water and wastewater, cooling and heating systems.
Execution is planned over three phases; with the first phase being nearly complete, which consists of infrastructure, roads, utilities and real estate assets established across 14 km2. This is in addition to a dedicated 3 km2 dry port and logistics zone.
About Hutchison Ports
Hutchison Ports is the ports and related services division of CK Hutchison Holdings Limited. Hutchison Ports is the world’s leading port investor, developer and operator with a network of port operations in 54 ports spanning 25 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. Over the years, Hutchison Ports has expanded into other logistics and transportation-related businesses, including cruise ship terminals, distribution centres, rail services and ship repair facilities.
In 2022, Hutchison Ports handled a combined throughput of 84.8 million TEU.
For Media Enquiries:
Head of Group Corporate Affairs
Tel: +852 2619 7557
Email: [email protected]