Sawafi Borets, a joint venture of Sawafi Al-Jazeera Oilfield Products & Services and Russia’s Borets International, has broken ground on a 21,000m2 headquarters and production facility in the King Salman Energy Park (SPARK) of the Eastern Province of Saudi Arabia.
The facility, which is expected to begin operations next year, will serve as Sawafi’s hub for the manufacture, testing and service of submersible pump systems.
Go deeper with GlobalData
The core aspect of this facility is an assembly line that will have an annual production capacity of 500 electrical submersible pumps (ESP).
This facility will staff 100 employees, who will provide advanced testing and associated services.
Alturki Holding president & CEO Rami Alturki said: “We are extremely excited to announce that construction has begun on the Sawafi Borets manufacturing, distribution, testing and services center at SPARK.
“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”.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSPARK president & CEO Saif Al Qahtani said: “We welcome Sawafi Borets as it launches 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.”
Earlier this month, ESP systems supplier Sawafi Borets was awarded a multi-year contract by Al-Khafji Joint Operations (KJO) for the supply, deployment, and maintenance of submersible pumping systems.
———————————————————————————————————————
The facility is expected to begin operations next year. (Credit: Alturki Holding.)
