Energy City Development Company Board conducts first meeting
DHAHRAN, Tuesday, March 19, 2019
Dhahran — In a major step to launch the operations of the Energy City Development Company — owner and developer of King Salman Energy Park (SPARK) — the first meeting of the board of directors of the company was held under the chairmanship of Mohammed Y. Al Qahtani, senior vice president of Upstream at Saudi Aramco.
Board members attending included Abdulhamid A. Al-Rashid, vice president of Drilling and Workover; Mohammad I. Al-Assaf, vice president of New Business Development, Mohammad A. Al Shammary, vice president of Procurement and Supply Chain Management, and Bassam M. Asiri, assistant controller.
The board discussed and approved a number of items, including the appointment of Saif S. Al Qahtani as president and CEO of Energy City Development Company, and other senior officials in the company. The board also approved the 2019-2021 business plan and the 2019 budget, and endorsed governance and company policies that included management guidelines, financial policies, contract and procurement management, human resources, and the authorities of the President and CEO of the company.
“We are pleased to launch the operations of the Energy City Development Company, which carries out the basic role of developing the infrastructure of SPARK according to the best standards, providing facilities and services, and operating and maintaining the city to attract local and world investors in the field of energy,” said Mohammed Al Qahtani.
“The SPARK project is one of Saudi Arabia’s mega and ambitious projects that contribute to achieving and supporting the development process and national economy in the implementation of the Kingdom’s Vision 2030.”