📋 Tender Overview
Scope of Work:
To Develop Residential Complex at King Salman Energy Park.
Description:
Development at SPARK of residential complexes with an investment of $150 millions, it will boast a modern design which includes green technologies; a testimony to Spark’s commitment to liveability and sustainability. Spanning on an area of 30,000m2, the residential complex will be developed in two phases with construction of first phase to be completed in 2025. It will offer a wide range of fully furnished long-term accommodation to residents. The development will incorporate sustainable construction technologies, smart systems and eco-friendly materials such as green concrete, and solar panels. This aims to minimize SPARK’s carbon footprint and impact on the environment, in line with the Saudi Green Initiative.
Beside the industrial zones, the energy park will also boast residential compounds featuring hotels, schools, health centers entertainment centers. Serving as a gateway upon which the world’s energy sector can build an integrated future, Spark has adopted advanced construction solutions that are environmentally friendly and maximize long-term efficiency. The region’s only fully integrated energy hub, Spark recently received the 2021 US Green Building Council (USGBC) Leadership Award for the Middle East for its exemplary leadership and contribution towards creating sustainable, healthier, equitable and resilient buildings, cities and communities.
It is also the first industrial city in the world to obtain Leadership in Energy and Environmental Design (Leed) silver certification.Industry experts see Spark as a sure catalyst for Saudi Arabia’s ambitions to diversify its economy beyond oil and place it as a global energy, industrial and technology hub with a thriving private sector. The project, which is expected to be completed by 2035, will create 100,000 direct and indirect jobs in addition to an annual increase in GDP by $6 billion
