King Salman Energy Park (SPARK) teamed up with Affordable House Company, a subsidiary of Abdullah Bin Saedan and Sons Real Estate Group, to develop a residential complex and workers village at SPARK.

The partnership followed of the signing of agreements between SPARK and Bin Saedan at an aggregated value of $150 million, according to a press release.

The residential complex spans 30,000 square metres and will be established in two phases. It will provide the residents with a wide range of fully furnished long-term accommodations.

The development project will be integrated with sustainable construction technologies, smart systems, and eco-friendly materials, such as green concrete and solar panels.

In line with the Saudi Green Initiative, the project aims to lower SPARK’s carbon footprint and its effect on the environment.

Meanwhile, SPARK and Bin Saedan formed the basis of a new workers village following a deal sealed earlier in 2022. The project will be built over three phases on an area of 110,000 square metres. Having a set of amenities, the village will have a capacity of more than 8,000 beds.

Meanwhile, building the first phase of both the residential facility and the village will be completed in 2025.

Mohammed Abdullah Bin Saedan, a board member of Bin Saedan, noted: “This partnership marks a milestone for our company as we aim to accelerate our expansion in the Eastern Province. We are committed to making this project the first of its kind in the Kingdom and the region.”

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