King Salman Energy Park, the prominent energy industrial ecosystem and the largest in the MENA region, commemorates the commencement of Emerson's latest regional manufacturing hub. Emerson, the global technology, software, and engineering powerhouse, celebrated the groundbreaking ceremony in the presence of Lal Karsanbhai, CEO of Emerson, Vidya Ramnath, President of Emerson Middle East and Africa, and Nabil Chaachou, VP Strategy & Business Development.
Emerson's manufacturing hub, set to be finalized in 2024, will focus on producing control and safety systems, measurement solutions, control valves, pressure regulators, and industrial solenoid valves. Aligned with sustainability goals, the hub's construction will incorporate eco-friendly techniques and technologies to minimize its environmental impact.
Nabil Chaachou, VP Strategy & Business Development, remarked, "Emerson's investment in our ecosystem is a testament to our unique value proposition. This partnership signifies our commitment to localizing value creation, boosting the local GDP, generating job opportunities, and promoting socioeconomic progress in the Kingdom. With a well-planned city that seamlessly integrates industrial, residential, educational, and commercial areas, we anticipate becoming a global energy and industrial hub of utmost importance in the region and beyond."
Hussein Zein, Vice President and General Manager of Emerson Saudi Arabia & Bahrain, shared his enthusiasm: "Breaking ground for one of our most significant investments in the Middle East & Africa region is a great achievement. Our presence in King Salman Energy Park will bolster our local footprint and capabilities. Emerson is dedicated to Vision 2030 objectives and vital localization initiatives such as IKTVA. Our manufacturing hub in the region represents a crucial stride as we contribute to value chain localization and local talent development, gearing up for substantial growth across the Kingdom and the broader region."
This hub will contribute to expanding the production of energy-related goods in Saudi Arabia, further reinforcing the Kingdom's localization efforts in line with Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program and the broader Vision 2030 initiative.