King Salman Energy Park inks deal with ENGIE Cofely as FM advisor
ENGIE Cofely will also establish the internal governance framework for the city and implement an FM training structure
Saudi Arabia’s Energy City Development Company (ECDC), the owner and developer of the 50km2 King Salman Energy Park (SPARK), has inked an agreement for ENGIE Cofely to act as a facilities management advisor and training provider for SPARK.
Once operational, SPARK will be a fully integrated energy, industrial, technology, and services facilities city, providing customised solutions to its tenants, ranging from large multinational organisations to local and regional small- and medium-sized enterprises.
In addition to facilities management, ENGIE Cofely will also establish the internal governance framework for the city and implement a training structure on facilities management for ECDC’s employees to ensure future continuity and progress.
ENGIE Cofely – which provides low-carbon energy and integrated FM solutions in sectors such as transport, retail, infrastructure, industrial, residential, educational, and healthcare – will propagate the use of smart technology, efficient asset management, optimise labour and resources, and deliver energy-efficient focused solutions to meet specific client demands.
Developed with a vision to become the leading regional gateway to the energy sector, SPARK will include an industrial area, dry port and logistics zone, as well as residential, educational, and commercial zones.
The city has attracted a number of key anchor investors with more than 70% of the land in its Phase 1 already allocated. Execution is planned over three phases, with $1.6bn of investment going into Phase 1, which will be completed in 2021.
Located in the energy rich eastern province of Saudi Arabia, SPARK is in close proximity to the highway and railway networks, and is conveniently integrated with Dammam's third industrial city, with close proximity to power generation, water sources, and logistical services.
Commenting on the deal, the president and CEO of SPARK, Saif Al Qahtani, said: “The partnership with ENGIE Cofely will support us in providing international standard services to our tenants at SPARK. Partnering with leading companies like ENGIE Cofely ensures that best-in-class services will be offered to the investors, not only today but well into the future.”
The CEO of ENGIE KSA, Turki AlShehri, said: “We are very excited to work with SPARK and IMI on these two historical projects for the Kingdom. This is a great opportunity for ENGIE to utilise its global expertise working with more than 70 countries and 30 million clients globally, to truly provide the highest standard of services that are unique to SPARK and IMI.”
AlShehri added: “Through knowledge transfer, localisation and best global practices, ENGIE’s partnership with SPARK and IMI will support in providing the highest quality of services for the leading global energy, industrial, and technology hub, and the largest maritime facility in the region.”