King Salman Energy Park (SPARK) announced the signing of ten strategic agreements with leading regional and international companies during ADIPEC 2025, with a total investment value exceeding USD 600 million. The agreements span key sectors including composite manufacturing, power systems, digital solutions, and sustainable technologies—reflecting SPARK’s pivotal role in advancing industrial localization and strengthening Saudi Arabia’s leadership in sustainable energy development.

These agreements mark a significant milestone in SPARK’s ongoing journey to localize energy supply chains, expand advanced manufacturing capabilities, and attract cutting-edge technologies to the Kingdom. Upon implementation, the projects are expected to establish state-of-the-art industrial facilities, generate more than 3,000 direct and indirect jobs, and further advance the objectives of Saudi Vision 2030.

Companies signing agreements included:

• Technofiber –A company specialized in GRP pipes, fiberglass poles, and manholes, as well as fiberglass lighting poles and FRP tanks.

• Inkan Power –A company focused on manufacturing high-voltage GIS and medium-voltage switchgear systems to enhance the local power infrastructure.

• Saudi Net Link Company –A communications and digital solutions company enabling infrastructure connectivity and smart integration within SPARK.

• Ouyi Valves –A manufacturer producing a diversified range of industrial valves, contributing to the localization of high-performance valve technologies in Saudi Arabia.

• Baroid –global supplier of drilling fluids and specialty chemicals, strengthening the Kingdom’s upstream value chain.

• JOLT Green Chemicals MENA (JGC) – Developing catalysts and electrodes for emerging and existing energy applications to promote green innovation in the region.

• AlSharhan Contracting Company – Establishing a facility dedicated to manufacturing Gas Insulated Switchgear (GIS) systems, enhancing regional power reliability.

• Hanwha Power Systems – A global leader in energy and hydrogen solutions, planning a facility at SPARK for the production of advanced compressor packages.

• Gulf Cryo – Expanding its Applications & Technology Center (ATC) within SPARK to advance industrial gases and low-carbon hydrogen solutions, reinforcing the sustainability of the industrial sector.

• Blue Line – A manufacturer specializing in Jumbo FIBC packaging bags designed to serve the chemical and petrochemical industries.

Commenting on this new agreements, Mishal Al Zughaibi President & CEO said, “With more than USD 600 million in new investments signed during ADIPEC 2025, these partnerships mark a significant step forward in SPARK’s mission to accelerate the localization of critical energy supply chains, drive industrial growth and job creation.”

These agreements reaffirm SPARK’s mission to attract global and local investors who share its vision for a sustainable and diversified industrial future built on collaboration and innovation.

About SPARK

SPARK is the leading industrial ecosystem with sustainability at its core, connecting the world to opportunities in the Saudi energy sector and beyond. As a national Saudi megaproject proudly driving socio-economic impact locally and globally, SPARK is simultaneously catalyzing the Kingdom’s role in the global energy transition while offering a world-class ecosystem in the heart of the energy market for investors and tenants.