King Salman Energy Park (SPARK) announced today that it is set to start operations in its logistics zone in 2024.
The logistics zone was designed to be a fully automated and developed area. It also includes the first and largest dry and private port in the region, in addition to a customs zone, and on-site customs clearance services. It is operated and managed by Energy City Logistics Co., a joint venture between SPARK and the global port operator Hutchison Ports, according to a statement.
The new zone will accommodate 10 million metric tons of goods upon completion, using automated gates and RTG cranes, and goods automatic detection devices, which contributes to speeding up customs clearance operations, SPARK said.
It added that it is looking forward, through the establishment of the new zone, to attract more large investments.
The logistics zone will capitalize on the strategic location of SPARK City in the Eastern Province, to serve as a gateway to the regional energy sector. The logistics zone will also help facilitate investors' access to global markets and enable companies to meet the growing demand for energy sector products, by providing efficient and smooth supply chains.
According to Argaam data, SPARK is located between Dammam and Al-Ahsa in the Eastern Province. The project will be developed in three phases on a total area of 50 square kilometers. SPARK will be divided into five main zones: industrial zone, dry port and logistics zone, business district, training centers and residential and commercial complexes.
Source : Argaam