Saudi Aramco, SPARK ink SAR 1.2 bln land lease and JV agreements

State oil giant Saudi Aramco and the board of directors at King Salman Energy Park (SPARK) signed SAR 1.2 billion worth agreements with local and international companies, a company statement said on Monday.

The agreements include land leasing and joint venture (JV) deals, it added. 

The firms include:

- Schlumberger

- Halliburton

- Oilfields Supply Center

- Saudi Information Technology Company (To set an ICT investment firm)

- Raytheon (To set up a cyber-security firm)

- National Oil Services Company (Leasing land for a special chemical production facility at the oilfields)

- National Metal Manufacturing and Casting Co. (Maadaniyah)

- Emerson

- UND Aerospace Foundation

Crown Prince Mohammed bin Salman broke ground on the first phase of SPARK, located in the Kingdom’s Eastern Province, yesterday.