Forging Power in the Desert: Hanwha Power Systems’ Bold Leap into Saudi Arabia’s Energy Future

A Landmark Agreement in the Heart of SPARK

On the 4th of the month, **Hanwha Power Systems signed a land lease agreement with SPARK** to build a cutting-edge compressor packaging and service center spanning approximately **11,600㎡** within **King Salman Energy Park (SPARK)** — a globally recognized hub for the energy industry, wholly owned by **Saudi Arabia's national oil company, ARAMCO**. This strategic development marks a significant milestone for the company, positioning it directly within Saudi Arabia’s thriving industrial ecosystem.  

Notably, the agreement was sealed at **ADIPEC 2025**, the world’s largest oil and gas exhibition currently captivating industry leaders in Abu Dhabi, UAE. Scheduled to break ground in the first quarter of 2026, the new facility aims for commercial operations by the first half of 2027. This ambitious timeline reflects Hanwha Power Systems’ determination to meet growing demand for compressors and related equipment in the **oil & gas, plant, and clean energy** sectors across the Middle East.  

Driving Innovation, Localization, and Growth

This deal perfectly aligns with the **Saudi government’s vision** of localizing the supply chain. By establishing a local facility, Hanwha Power Systems will not only ensure faster delivery and tailored solutions but also contribute to **job creation** and the development of skilled personnel within the Kingdom. Strengthening business competitiveness in the Middle East isn’t just about meeting demand — it’s about embedding innovation and service excellence where it’s needed most.  

As of the first half of 2025, Hanwha Power Systems has supplied over **9,000 units of compressors and industrial equipment** worldwide, with a significant portion operating in the Middle East. These machines are at work across varied sectors, from **carbon capture and utilization (CCUS)** to **air separation**. The new facility will offer **total care** for customer equipment, ensure timely delivery through localized packaging, and deepen partnerships with local oil & gas and power generation companies.  

Voices of Vision and Commitment

Soo-kyoung Kim, Head of AM Business Unit at Hanwha Power Systems, emphasized,  

> “Securing a foothold in the Middle East, where our major clients are concentrated, is essential for business expansion. We will ensure cost reduction, maximized efficiency, and stable operation throughout the lifecycle of the compressor equipment for local Middle Eastern clients.”  

Echoing these ambitions, Nabil Chaachou, Vice President of Strategy & Business Development at **SPARK**, highlighted,  

> “This agreement reflects SPARK’s commitment to attracting high-value industrial investments that advance the localization of the energy supply chain. Hanwha Power Systems’ new facility strengthens our ecosystem by enabling advanced manufacturing and service capabilities that will create jobs, drive technology transfer, and support sustainable growth in the Kingdom.”  

Powering Tomorrow’s Energy Landscape

Hanwha Power Systems’ leap into **King Salman Energy Park** is more than an infrastructure project — it’s a statement of intent, a pledge to merge global expertise with local opportunities. By positioning itself at the center of the Middle East’s energy revolution, Hanwha is setting the stage for a future where technology, sustainability, and localized industry meet to drive progress not only for Saudi Arabia but for the entire region.  

Gateway to Tomorrow: How the Future Minerals Forum and BMO Are Forging a New Era in Global Mineral Investment

In the heart of **Riyadh, Saudi Arabia**, a remarkable shift is underway in the global minerals sector. The **Future Minerals Forum (FMF)**, recognized as the world’s leading platform for shaping the future of minerals, has announced a groundbreaking partnership with **BMO**, the global leader in metals and mining investment banking. This collaboration transcends borders and ambitions, setting the stage for a more interconnected and sustainable mineral investment landscape.  

With the shared vision of driving global mineral development through strategic investment promotion, FMF and BMO are poised to bring unparalleled expertise to investors seeking new opportunities. As the industry faces rapid transformation fueled by technology, demand for critical minerals, and sustainability imperatives, this partnership is positioned to ignite meaningful dialogues and create actionable pathways, unlocking value in regions such as the **MENA** and the “Super Region” — spanning Africa, Western, and Central Asia.  

Building Bridges in the Global Mineral Landscape

The partnership, a first for FMF, was hailed by Ali Al-Mutairi — FMF’s Executive Director — as a historic milestone. His words underscored the forum’s mission: to connect investors, policymakers, and industry leaders not just in the region, but globally. This step ensures that both organizations will create lasting opportunities, enhancing sustainability and innovation in mineral development projects.  

Moreover, under the inspiring theme **"Gateway to Funding"**, FMF will host exclusive elements to elevate the investor experience. From *closed-door mining investment journey sessions* led by BMO — mapping the entire mineral value chain from exploration to processing — to investor-focused presentations by major mining companies, FMF will provide attendees with rare, direct engagement with industry decision-makers.  

Riyadh 2026 – The Stage for Transformation

Scheduled from **January 13 to 15, 2026**, the Future Minerals Forum will transform Riyadh into the epicenter of global mineral investment discussions. The atmosphere is expected to be electric, with innovators, financiers, and key stakeholders convening under one roof to discuss not only capital access, but also strategies for sustainable growth within the sector.  

Transitioning from previous editions, FMF 2026 will serve as a **gateway for international cooperation**. Whether it’s a regional entrepreneur looking for mining partnerships or an institutional investor seeking to diversify portfolios, the forum promises a wealth of resources, connections, and actionable insights. This carefully curated combination of high-level strategy, investor engagement, and expert knowledge sharing reflects FMF’s dedication to shaping the future of minerals.  

In a world hungry for resources but conscious of environmental impact, the FMF-BMO partnership signals a new era of collaboration — one where opportunities are abundant, sustainability is a priority, and every handshake could spark the next big chapter in mineral development.  

Interested in being part of history? [Register now for FMF 2026](https://registration.futuremineralsforum.com/e/9ee6d849-04bf-4671-837f-b32ca68b2d74/a/9ee6d849-086b-48d1-98c0-524e5a0494cf) before the gateway opens!  

Riyadh Resonance — Phoenix Contact Ignites Industrial Transformation

A Bold Entry into Saudi Arabia

Phoenix Contact is proud to announce its participation in the upcoming Industrial Transformation Exhibition, powered by Hannover Messe, taking place at the Riyadh International Convention & Exhibition Center. This premier event brings together global leaders in industrial automation, electrification, and digitalization to shape the future of smart manufacturing. At Hall 1, Stand 1-349, Phoenix Contact will present its latest innovations designed to empower industries across the Kingdom. Visitors will have the opportunity to explore live demonstrations, engage with technical experts, and discover how Phoenix Contact's solutions support Saudi Arabia's Vision 2030 and its industrial transformation.

Moreover, "Our presence at this exhibition reflects our long-term commitment to the region," said Fahad Alotaibi, Managing Director at Phoenix Contact Trading LLC. From modular terminal blocks to open control systems and Ethernet-based automation, our portfolio is tailored to meet the evolving needs of installers, operators, and developers in Saudi Arabia. Phoenix Contact's participation is further strengthened by the recent establishment of Phoenix Contact Trading LLC in Riyadh, a strategic move to deepen local engagement and deliver customized solutions for infrastructure, energy, and manufacturing sectors.

Local Roots, Global Expertise

Phoenix Contact, a global leader in industrial automation and connectivity solutions, has established Phoenix Contact Trading LLC in Riyadh, Saudi Arabia, marking a pivotal step in its strategic expansion across the Middle East. Founded in 2024, the new entity reinforces Phoenix Contact's commitment to supporting the Kingdom's Vision 2030 and its broader economic and industrial transformation. Consequently, companies across Riyadh and beyond now gain faster access to tailored automation solutions and on-the-ground expertise.

Event Details: Location: Riyadh International Convention & Exhibition Center Dates: 1–3 December 2025 Opening Ceremony: December 1, 2025: 04:00 p.m. - 09:30 p.m. (Subject to change) Show Opening Hours: December 02 - 03: 01:00 p.m. - 09.30 p.m. (Subject to change) Stand: Hall 1, Stand 1-349. For more information and to register, visit Phoenix Contact Saudi Arabia. Finally, attendees should plan to visit the stand early, because hands-on demos and expert dialogue will fill each day.