National Energy Services (NESR, Financial) has commenced the construction of a significant industrial facility at King Salman Energy Park. This development marks a pivotal step in the company's strategy, previously disclosed in February, aimed at enhancing its capabilities in the oilfield services sector.
The expansive facility covers an area of 180,000 square meters and is poised to play a critical role in transforming the regional landscape for oilfield services. NESR's investment underscores its commitment to advancing infrastructure and boosting operational efficiency in the energy sector. The completion of this facility is expected to further consolidate NESR's position as a leading player in the industry.