SPARK’s investments total SAR 6 bln, first phase 90% complete: Vice President

Ammar Altaf, Vice President of SPARK

King Salman Energy Park’s (SPARK) current investments total to nearly SAR 6 billion, Al Arabiya News reported, citing statement from Vice President Ammar Altaf.

The project includes three phases, and the first phase is nearly 90% complete.

Altaf pointed out that SPARK aims to contribute $150 billion to Saudi Arabia’s GDP by 2050.

There is a logistics zone linked to the largest dry dock in the region and will be connected to the Dammam-Riyadh railway, as well as to the GCC railway in the future, he added.

According to data available on Argaam, SPARK is located between Dammam and Al-Ahsa and will be developed in three phases over a total area of 50 square kilometers.

The project includes five pivotal areas: Industrial Zone, Dry Port, Business District, Training Zone, and Residential and Commercial Area.