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Saudi Arabia: SPARK Awards $150 Million Contracts For Workers Village | |
| Sumita Pawar |
According to the media, Saudi Arabia’s King Salman Energy Park (SPARK) has reached an agreement with Affordable House Co., a subsidiary of Abdullah M. Bin Saedan & Sons Real Estate Group.
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The agreement between them is to build a residential complex and workers' village within the key industrial facility located in the Eastern Province.
The development will incorporate sustainable construction technologies, smart systems, and eco-friendly materials such as green concrete and solar panels, according to the report.
This comes as part of its efforts to minimise SPARK’s carbon footprint and impact on the environment, in line with the Saudi Green Initiative.
According to the report, King Salman Energy Park, which is operated and managed by Saudi Aramco, is a megaproject under construction located between Dammam and Al-Ahsa in Saudi Arabia's Eastern Province.
It added that, spanning an area of 30,000 square metres, the housing complex in SPARK will offer a wide range of fully furnished long-term accommodation to the residents.
To be developed in two phases, Phase One will be ready in 2025.
The partners in an agreement also broke ground on a new state-of-the-art workers village following an agreement that they had signed early this year, the report concluded.
By Sumita Pawar