Riyadh – Mubasher: Saudi Arabia’s Energy Minister Khalid al-Falih said that 12 agreements were signed at a combined value of around SAR 1.2 billion to lease land plots and build companies at the King Salman Energy Park "SPARK".

The deals were signed by state-owned Saudi Aramco, SPARK’s board of directors, along with a group of international and local firms, the Saudi Press Agency (SPA) reported, citing Al-Falih.

The companies included Schlumberger, Halliburton, Baker Hughes, which is a subsidiary of US industrial conglomerate General Electric (GE), Saudi Information Technology Company, and other local firms, the minister said.

The state-owned megaproject also inked a contract to launch a company for investing in information and communication technologies, in addition to starting a cybersecurity joint venture (JV).

On Monday, 10 December, Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud laid the foundation stone of the King Salman Energy Park's "SPARK" first phase with SAR 6 billion in investment.