Saudi Aramco, the world’s biggest crude producing company, inaugurated an industrial park on Monday in Saudi Arabia's oil-rich eastern province that will cost $1.6 billion in its first phase, as the kingdom seeks to create more jobs.
The King Salman Energy Park, or Spark, will stretch over a 50 square kilometre area, contribute more than $6bn to the kingdom’s gross domestic product and generate 100,000 direct and indirect jobs, Aramco said in a statement. The first phase is set for completion by 2021.
"Spark is one of the country's most ambitious projects, affirming the Kingdom's commitment to Vision 2030 by creating thousands of high-skilled jobs, serving as an economic catalyst and advancing Saudi Arabia's strong position in the global energy sector," said Saudi energy minister Khalid Al Falih. "The energy park's unique value proposition makes it an ideal destination for companies looking to invest in the thriving Saudi Arabian energy services market."
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Saudi Arabia, the world’s biggest oil exporter, is launching industrial parks and creating more private sector companies under Vision 2030, a roadmap to wean the kingdom off energy income.
Spark has already attracted interest from major international investors including oil services firms Schlumberger, Baker Hughes, a unit of GE, and Halliburton.
Spark, located between Dammam and Al Hasa, will benefit from Aramco’s In-Kingdom Total Value Add programme, an initiative launched in December 2015. The programme requires all of the company’s suppliers to attain 70 per cent local production and export 30 per cent of locally manufactured energy goods and services output by 2021.
“The King Salman Energy Park will start a new era of growth for one of the Kingdom’s thriving sectors,” said Amin Nasser, the chief executive of Aramco. “It will serve as a central gateway to the region’s economies, with Saudi Aramco continuing to be at the heart of the global oil and gas industry.”
The%20stats%20and%20facts
%3Cp%3E1.9%20million%20women%20are%20at%20risk%20of%20developing%20cervical%20cancer%20in%20the%20UAE%3C%2Fp%3E%0A%3Cp%3E80%25%20of%20people%2C%20females%20and%20males%2C%20will%20get%20human%20papillomavirus%20(HPV)%20once%20in%20their%20lifetime%3C%2Fp%3E%0A%3Cp%3EOut%20of%20more%20than%20100%20types%20of%20HPV%2C%2014%20strains%20are%20cancer-causing%3C%2Fp%3E%0A%3Cp%3E99.9%25%20of%20cervical%20cancers%20are%20caused%20by%20the%20virus%3C%2Fp%3E%0A%3Cp%3EA%20five-year%20survival%20rate%20of%20close%20to%2096%25%20can%20be%20achieved%20with%20regular%20screenings%20for%20cervical%20cancer%20detection%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2025%20to%2029%20should%20get%20a%20Pap%20smear%20every%20three%20years%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2030%20to%2065%20should%20do%20a%20Pap%20smear%20and%20HPV%20test%20every%20five%20years%3C%2Fp%3E%0A%3Cp%3EChildren%20aged%2013%20and%20above%20should%20get%20the%20HPV%20vaccine%3C%2Fp%3E%0A
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
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Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
Company%20profile
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
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AIR
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Company%20Profile
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Tottenham (Alli 61'), Davies (70')
Red card Jonjo Shelvey (Newcastle)
COMPANY%20PROFILE
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Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office