AsiaNet 89133

RIYADH, Saudi Arabia, April 21, 2021, /PRNewswire=KYODO JBN/--

Oilfields Supply Center Limited (OSC) has announced it awarded a contract for

construction of their center in the kingdom with a total investment of $570M in

King Salman Energy Park (SPARK). The creation of the OSC base will measure one

million square meters and include multiple areas and zones. The center is

critical to localize the full energy supply chain, enabling investors to supply

to the broader region's and gain maximum benefit from their presence at SPARK.

Dr. Mohammad Yahya Al-Qahtani, Chairman of the Board of Directors at SPARK

said: "Strategically located at the heart of the region's energy market, SPARK

is focused on providing investors with ease of access to the demand for energy

good and services. The OSC supply base is a key component of this strategy to

create a favorable environment for international and local companies as well as

SMEs to accelerate the localization in Saudi Arabia. OSC is providing pre-built

industrial solutions which de-risk the set-up phase for investors and give them

flexibility to rent industrial facilities and workshops on demand in addition

to providing a full set of supporting services. The base is expected to create

thousands of jobs in the energy fields."

OSC Director and Corporate Affairs General Manger, Iqbal Mohammad Abedin, said:

"Reaching this vital milestone has been the focus of all our efforts. It

cements OSC's commitment to realizing our business at SPARK and enabling local

content for all companies wanting to do business in Saudi Arabia. We believe

this builds on momentum and contributes to a vibrant and world-class ecosystem.

We have previously seen significant interest from international companies and

Small and Medium Enterprises (SMEs), and following the award we anticipate

increased demand for our industrial facilities, with all phases of work to be

completed by the fourth quarter of 2023."

Abedin added: "The creation of an oil and gas supply base on site at SPARK, the

region's only fully-integrated energy hub, is another example of how the

project complements Aramco's In-Kingdom Total Value Add (iktva) program, which

encourages the development of a diverse, sustainable and globally competitive

energy sector in the Kingdom."

SPARK is on track to become the leading energy-centric ecosystem in the world,

offering a foundation upon which the sector can innovate and grow. OSC's

initial investment of $570 million is expected to contribute to further value

creation, as it creates and maintains the oil and gas supply base and provides

pre-built solutions for investors and partners of all sizes.

With 80% of its first phase infrastructure development completed, SPARK is the

first industrial city in the world to obtain LEED Silver Certification.

Construction of the oil and gas supply base by OSC adheres to SPARK's focus on

sustainability and environmentally-friendly design and construction. The

project draws green portfolio and experience of delivering engineering and

design solutions, which aim to minimize the environmental impact of

infrastructure development.

Notes to Editors

About King Salman Energy Park (SPARK)

King Salman Energy Park (SPARK) is a fully integrated industrial ecosystem.

SPARK spans an area of 50 square kilometres 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. SPARK

is also the first and only industrial city in the world to achieve silver LEED

certification.

SPARK offers infrastructure at international standards for global investors in

the oil & gas, refining, petrochemical, power and water production and

treatment industries.

Execution is planned over three phases. SPARK has completed 80% of its first

phase, which consists of infrastructure, roads, utilities and real estate

assets established across 14 square kilometres; phase one is set to be

completed in 2021. This is in addition to a dedicated three-square kilometres

logistics zone and dry port.

www.spark-ksa.com

About Oilfields Supply Center Limited (OSC)

Oilfields Supply Center Limited is a Government of Dubai company. The Company

was established in the early 1960s and is primarily focused on the upstream oil

and gas industry for the Middle East and North Africa Region (MENA) and also

has operations in Malaysia. The prime focus is the development and operation of

oilfield logistics bases and currently within the Emirate of Dubai we have a

footprint of almost 11 million square feet situated in the Jebel Ali Free Zone,

TechnoPark and Dubai Industrial City. The base in Johor Baru, Malaysia is

approximately 20% of the total Dubai land area. Within these land areas the

Company has constructed industrial facilities to accommodate its own operations

and those of key oilfield companies such as Schlumberger, Halliburton, Baker

Hughes, Weatherford and NOV to mention but a few.

In addition to its main activities of oilfield logistics services the Company

also has a strong manufacturing orientation again with its focus on the

upstream industry but additionally and importantly also manufactures pressure

vessels, heat exchangers and skid-mounted gas compression packages for both oil

and gas and process industries.

https://oscdubai.com/

https://oscsaudi.com/

Photo - https://mma.prnewswire.com/media/1493200/SPARK_OSC_Rendering.jpg  

Photo - https://mma.prnewswire.com/media/1493199/SPARK_Al_Qahtani.jpg

SOURCE: King Salman Energy Park (SPARK)