SPARK says first phase plots ready for investment; approves 35 proposals in energy, logistics

Logo of SPARK

King Salman Energy Park (SPARK) announced that land plots in the project’s first phase are fully ready for investment, Al Eqtisadiah newspaper reported.

SPARK approved 35 investment proposals from major global and local companies in the fields of energy and logistics, and signed contracts with other 23 firms to invest in the project.

It indicated that 80% of the infrastructure works, enabling, roads, services, and office construction was completed, expecting the first phase to be delivered by year-end.

According to data compiled by Argaam, SPARK is located between Dammam and Al-Ahsa, and is set to be developed in three stages over a total area of 50 square kilometers. The project includes five main zones, namely the industrial zone, dry port, business area, training area as well as residential and commercial areas.