FDI at Saudi Arabia's King Salman Energy Park to Exceed $2bn

Saudi Arabia’s King Salman Energy Park (SPARK), which is being developed by Saudi Aramco, has forecast that foreign direct investment (FDI) at the development will exceed SAR7.5 billion ($2bn) in the next two years.

According to SPARK, 15 major energy companies have inked agreements to invest in the 50 square kilometre project, while 15 more are currently in the pipeline.

Investment in Phase 1 of the development, which will be completed in 2021, totalled SAR6bn ($1.6bn).

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