• A groundbreaking ceremony held at King Salman Energy Park (SPARK) marks the commencement of the facility’s construction • The facility is Baker Hughes’ Oilfield Services largest assembly, maintenance, and overhaul hub in the Eastern Hemisphere • The facility will help create an additional 120 jobs, with Saudi nationals forming 70% of the 600+ employees

DHAHRAN, Saudi Arabia – Oct. 25, 2021 – Baker Hughes, a global energy technology company, celebrates the commencement of construction of its Oilfield Services (OFS) regional hub located at King Salman Energy Park (SPARK). The groundbreaking ceremony at the project site was attended by Lorenzo Simonelli, chairman and CEO of Baker Hughes and Ahmad Al Sa’adi, senior vice president, technical services of Aramco.

SPARK is located at the heart of the energy market in Saudi Arabia’s Eastern Province. Baker Hughes’ investment is a significant milestone for SPARK, which is a 50 sq kilometer energy city megaproject that will position Saudi Arabia as a global energy, industrial and technology hub. SPARK’s ecosystem will capture the full economic value from energy-related goods and services in the Kingdom and throughout the region, providing investors with an integrated environment that will contribute over $6 billion annually to the Saudi GDP, generate up to one hundred thousand jobs and stimulate socioeconomic advances across all levels of society.

The 300,000 sq meter regional hub will support Baker Hughes’ OFS operations and customers across the Middle East. The facility, which is the largest assembly, maintenance, and overhaul hub for Baker Hughes’ Oilfield Services business in the Eastern Hemisphere, will be home to more than 600 employees, of which 70% are Saudi nationals. The facility plans to include 120 newly created jobs by the time it opens in late 2022.

“Baker Hughes is committed to supporting Saudi Vision 2030 and Aramco’s iktva program. These programs drive localization through job creation, supply chain development and export enablement, and further emphasize Saudi Arabia’s position as a global energy hub,” said Lorenzo Simonelli, Chairman and CEO of Baker Hughes. “Today’s milestone reflects our continued efforts to transform our core operations to ensure we deliver to Saudi Aramco and regional customers with speed, efficiency and operational excellence.”

“We are proud to mark the commencement of construction for Baker Hughes’ hub at SPARK, where they join a wide range of international companies operating their regional hubs from our strategic location,” noted Saif S. Al-Qahtani, President and CEO of SPARK. “This significant step is a testament to SPARK’s unique industrial eco-system, world-class infrastructure, and capabilities. Our collaboration with Baker Hughes supports our vision and commitment to serve as the preeminent global industrial hub for the energy sector.”