Saudi’s SPARK and Bin Saedan launch two key residential and commercial projects valued at $65 million

Saudi’s SPARK and Bin Saedan launch two key residential and commercial projects valued at $65 million

King Salman Energy Park (SPARK), the leading energy industrial ecosystem, announced the significant expansion of its commercial and residential offerings in partnership with Bin Saedan ...

The post Saudi’s SPARK and Bin Saedan launch two key residential and commercial projects valued at $65 million appeared first on SaudiGulf Projects.King Salman Energy Park (SPARK), the leading energy industrial ecosystem, announced the significant expansion of its commercial and residential offerings in partnership with Bin Saedan Group’s Affordable Housing Company. This marks the third investment between SPARK and Bin Saedan Group, a leading real estate developer in the Kingdom of Saudi Arabia with over 80 years of experience.

SPARK and Affordable House Company broke ground on the residential apartment complex on 25 December 2023. The residential complex will feature 459 fully furnished apartments with a combination of one-, two- and three-bedroom layouts. The apartments are intended for long stays incorporating the latest smart technologies – supporting SPARK’s offering to tenants and clients establishing their business in Saudi Arabia. The total land size for the project stands at close to 30,000 square meters and represents an investment of $50 million (SAR 180 million). The development will be constructed in phases – with the first planned for