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

27/09/2022 Argaam

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.


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts