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Deal to build energy equipment smart plant
King Salman Energy City "SPARK" and Dalipal Holding Company have announced the signing of a 25-year land lease agreement covering an area of over one million square meters within SPARK. The goal is to establish an advanced manufacturing base for energy equipment in Saudi Arabia. Dalipal International Industry will develop the site to build a manufacturing platform focused on producing high-tech pipes such as casing and tubing for oil and gas wells, as well as drilling and hydrogen pipes. The investments are expected to reach $2.1 billion, with the first phase valued at approximately $600 million, aimed at supporting local manufacturing capabilities, localizing supply chains in the energy sector, and strengthening Saudi Arabia's position as an industrial hub regionally and globally.
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