Sawafi Borets broke ground on a 21,000 square meter headquarters and production facility in the King Salman Energy Park (SPARK). The facility will serve as its hub for the manufacture, testing and service of submersible pump systems, slated to begin operations in 2022.
It will include an assembly line with an annual production capacity of 500 electrical submersible pumps (ESP). The facility will be staffed by up to 100 employees who will conduct assembly and provide advanced testing and associated services. The general manager of Sawafi Borets, Talal Albinali, said that it would help localise their operations and reduce delivery lead time from four months down to two weeks.
“This milestone Sawafi Borets facility will provide Alturki with the opportunity to create more value locally, offering new opportunities for young Saudis and allowing us to further contribute to the reliable and efficient production of the Kingdom’s natural resources,” said Rami Alturki, president and CEO of Alturki Holding.
Saif Al Qahtani, president & CEO of SPARK added, “we welcome Sawafi Borets as it breaks ground on this exciting new facility. We are proud that the world’s leading producer of ESPs has embarked on a JV with a global leader in upstream technologies right here at SPARK. The facilities to be developed are enabled by world-class infrastructure, logistics and support services, and the park’s ecosystem makes it especially easy for investors and tenants to get their businesses underway efficiently.”
