King Salman Energy Park (SPARK) and Hutchison Ports have agreed to form a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city in Saudi Arabia’s Eastern Province.
Designed to ensure ease of access to global markets, the 3 sq km dry port will enable the future joint venture to capture the growing demand for logistic services for energy-related products in the Middle East and beyond while also serving the neighboring industrial cities.
Eric Ip, global managing director of Hutchison Ports, stated: “Saudi Arabia is an important market and we are very excited to participate in this ambitious, game-changing mega project. As the world’s leading port group, we will leverage our logistics expertise to create values and competitiveness for the tenants of SPARK.”
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