Design, construction, financing, operation, maintenance and transportation. The project covers a total area estimated at (1,000,000 m²) and will be implemented in two phases, taking into account the balanced allocation of facilities, services, green spaces and infrastructure.
The project includes the development of the King Fahd Suburb in Dammam, which will be implemented in a public-private partnership model.
The project includes the development of a main corridor (4 km), which includes a mixed-use area surrounded by parks (7.3 km).
The private sector partner will be responsible for the development of the corridor.
The private sector partner will be responsible for the development of all project facilities, including recreational facilities, public parks, retail and office space, hospitality services, and road networks.
The project is expected to contribute to the development of the main corridor (4 km). The project is expected to reshape the urban landscape of King Fahd suburb in Dammam by providing a vibrant urban environment in the Eastern Province, in line with the objectives of Saudi Vision 2030 to enhance the quality of life, stimulate sustainable development, and enable the private sector to contribute to the development of municipal infrastructure.
Organizers invited investors. <The organizers invited interested local and international investors to view the Request for Expression of Interest document on the National Center for Privatization website via the link: www.ncp.gov.sa, noting that the deadline for submitting expressions of interest ends on July 16, 2025.
