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NESR Begins Construction of 180,000m(2) Facility at King Salman Energy Park (SPARK)
The state-of-the-art facility will be a key asset in Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities KING
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"The state-of-the-art facility will be a key asset in Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities KING SALMAN ENERGY PARK, SAUDI ARABIA / ACCESS Newswire / April 21, 2025 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") region, proudly announces the start of construction on its cutting-edge industrial facility at King Salman Energy Park (\"SPARK\"), a leading energy industrial ecosystem strategically located at the heart of the global energy market.The Company previously announced a groundbreaking event earlier this year in February, enabling a fast-paced approach to the building of its 180,000 m² state-of-the-art facility set to transform the region's oilfield services landscape.The groundbreaking ceremony, held at SPARK, brought together prominent industry leaders, including Saudi Aramco Upstream President and SPARK Chairman Nasir K. Al-Naimi, SPARK President and CEO Mishal I. Al Zughaibi, and NESR Chairman and CEO Sherif Foda. Their participation underscores a united vision to accelerate innovation, localization, and sustainability in the Kingdom's energy sector.Mishal I. Al Zughaibi said: \"The groundbreaking of NESR's facility marks a significant milestone in SPARK's journey to becoming a global hub for energy, industry, and technology. This investment highlights the growing trust in SPARK's ecosystem and reinforces our role in enabling strategic partnerships that drive localization, innovation, and job creation-core pillars of Saudi Arabia's Vision 2030.\"Sherif Foda, Chairman & CEO of NESR remarked: \"The facility will serve as a vital hub within NESR in the Kingdom and the region, driving local talent development, creating job opportunities, focusing on sustainability and embracing the highest LEED facility development standards in the world under Saudi Arabia's ambitious plans for an energy-driven future.\"NESR's new facility will be a key asset supporting Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities. Developed in four strategic phases, the NESR SPARK facility will introduce cutting-edge technologies for drilling optimization, well intervention, p...