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King Salman Energy City to launch smart manufacturing facility
King Salman Energy City "SPARK" and Daliyab Capital Holding are working together to establish an advanced, smart manufacturing base in Saudi Arabia, covering an area of approximately one million square meters, with a total investment of up to $2.1 billion. The first phase of the investment, valued at $600 million, focuses on developing capabilities to manufacture seamless steel pipes used in the oil, gas, and hydrogen industries. Its strategic location near energy markets and integrated facilities contributes to strengthening local industries and localizing supply chains. This project is a significant step in Saudi Arabia's expansion into advanced manufacturing and supporting the national economy.
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