King Salman Energy Park (SPARK) and Hutchison Ports have announced the signing of the concession agreement to manage and operate SPARK’s dry port and bonded logistics zone (Dry Port).
The concession was awarded to a newly established joint venture, Energy City Logistics Company (ECLC), between SPARK and Colour Path Holdings Limited, a Hutchison Ports company.
SPARK is a 50 km2 global energy hub that is in the Eastern Province of Saudi Arabia. Under the terms of the agreement, ECLC will be the sole operator of a US$400 million state-of-the-art logistics facility in SPARK.
The new facility will include container, breakbulk, and project cargo handling services, as well as storage yards, warehousing, customs clearance, and bonded and non-bonded logistics solutions targeted to the demands of the SPARK energy ecosystem.
With the incorporation of a future GCC rail link, a GCC highway, and numerous highways connecting to the SPARK site, the Dry Port will accelerate the Eastern Province’s growth as a regional logistics powerhouse.
“The Dry Port is one of the key enablers for SPARK’s ecosystem,” noted Saif Al Qahtani, SPARK’s president and CEO.
