Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229- 64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels, 4.2.2022  
C(2022) 796 final  
PUBLIC VERSION 
Energy City Development Company P.O. Box 5000  
Dhahran 31311 
Saudi Arabia  
Hutchinson Port Investments Company 
George Town, Grand Cayman  
Ugland House, P.O. Box 309  
KY 1104 Cayman Islands  
Subject : Case M. 10540 – ECDC / HPIL / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 12 January 2022, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Energy City 
Development Company (“ ECDC ”, Saudi Arabia), a wholly-owned subsidiary of Saudi 
Arabian Oil Company (“ Saudi Aramco”, Sa udi Arabia) and Hutchison Port 
Investments Limited (“ HPIL ”, Cayman Islands) belonging to  CK Hutchison Holdings 
Limited ( “CKHH”, Hong -Kong ) acquire within the  meaning of Article 3(1)(b) 
and 3(4) of the Merger Regulation joint control of Energy City Logisti cs 
Company LLC (th e “Joint Venture ”, Saudi Arabia ) by way of purchase of shares  in a 
newly created compa ny constituting a joint venture .3 
2. The business activities of the undertakings concerned are:  
− for ECDC: owner and developer of the King Salman Energy Park (SPARK), an 
in-development industrial area in the Kingdom of Saudi Arabia , 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009, the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘ Community ’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will b e used throughout this decision.  
2  OJ L 1, 3.1.1994, p. 3 ( the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 31, 21.1.2022, p. 10.  

2 − for HPIL : a global developer and operator of container terminals and provider of 
associated logistical services ,  
− for Joint Venture : it will be established and be active in the Kingdom of Saudi 
Arabia. It  will develop, market and operate the dry port and related logistics zone 
in SPARK.   
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merge r Regulation  and of 
paragraph 5(a) and 5(b) of the Commission Notice on a simplified procedure for 
treatment of certain concentrations under Council Regulation (EC) No  139/2004.4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation and Article 57 of 
the EEA Agreement . 
For the Commission  
  
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.