Gulf Oil and Gas accountACCOUNT

Saudi Aramco to Establish Energy Park in Dammam

Source: www.gulfoilandgas.com 8/5/2009, Location: Middle East

Saudi Aramco and the Oilfields Service Contracting Co. (OSCC) recently signed a Memorandum of Understanding (MOU) aimed at promoting cooperation on the establishment of an Energy Park in Dammam.

The MOU underscores Saudi Aramco’s commitment to building the local economy by facilitating the formation of oil and gas equipment manufacturing and services facilities in the Kingdom.

OSCC will plan, build, own and operate the Energy Park, which is considered the first project of its kind in Saudi Arabia to use the Common User Supply Base concept. Under that concept, OSCC will make available full-service logistical capabilities, leaving clients to focus on their core business.

The project will be built on 1.5 million square meters of land at Dammam’s Second Industrial City, with an estimated investment of about $250 million.

OSCC will attract international, regional and local oil and gas service companies as well as power-generation companies that will build facilities at the Energy Park.

The Energy Park is planned and designed as a self-contained industrial park with different zones including industrial, residential, educational and other community services. Special emphasis is being placed on the manufacture of oil-industry equipment.

More than 120 manufacturing, workshop and material storage facilities are expected to occupy the park, which when completed will create nearly 2,000 jobs. OSCC plans to start commercial operations of the park by mid-2011.

Construction News in Saudi Arabia >>

Saudi Arabia >>  3/13/2019 - Saipem has been new awarded new contracts, and extensions to other already existing contracts, in Onshore Drilling worth approximately 220 million USD...
United Arab Emirates >>  2/27/2019 - The Abu Dhabi National Oil Company (ADNOC) announced that it is building the world’s largest single underground project ever awarded for oil storage, ...

Saudi Arabia >>  2/25/2019 - McDermott International, Inc. announced a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (E...
United Arab Emirates >>  2/24/2019 - The Abu Dhabi National Oil Company (ADNOC) has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and...

Related Categories: Building Systems  General  Steel structures 

Related Articles: Building Systems  General  Steel structures 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.