In an announcement, King Salman Energy Park (SPARK) stated that it has successfully drawn in over 60 investors and that the total amount invested to date exceeds $3 billion. There are seven factories in operation at SPARK right now, and there are fourteen more under building.
One of the primary initiatives of Saudi Vision 2030 is "SPARK," which seeks to localise the energy sector's supply chain in order to spur economic growth and diversification in Saudi Arabia.
The goal of the city's establishment was to create a preeminent industrial network that would link the globe to the opportunities present in the energy industry both inside and outside of Saudi Arabia.
