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NESR Begins Construction of 180,000m(2) Facility at King Salman Energy Park (SPARK)

1. NESR begins construction on a new facility in Saudi Arabia. 2. The facility aims to enhance oilfield services and create jobs.

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FAQ

Why Bullish?

This expansion indicates growth potential, similar to successful facility openings in the past that boosted revenues for similar companies in the MENA region.

How important is it?

The announcement reflects NESR's strategic growth and commitment to the energy market, which is pivotal for investor sentiment.

Why Long Term?

The new facility's impact will unfold over time as it begins operations, akin to previous infrastructure developments taking years to realize their full potential.

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The state-of-the-art facility will be a key asset in Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities KING SALMAN ENERGY PARK, SAUDI ARABIA / ACCESS Newswire / April 21, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, proudly announces the start of construction on its cutting-edge industrial facility at King Salman Energy Park ("SPARK"), a leading energy industrial ecosystem strategically located at the heart of the global energy market. The Company previously announced a groundbreaking event earlier this year in February, enabling a fast-paced approach to the building of its 180,000 m² state-of-the-art facility set to transform the region's oilfield services landscape.

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