Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment
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Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

The Saudi Authority for Industrial Cities and Technology Zones (MODON) has achieved a significant milestone by securing five leading regional awards in human resources development and women's empowerment for 2024, highlighting the authority's commitment to fostering a creative and inspiring work environment, reported the Saudi Press Agency on Monday.

MODON was named the "Preferred Employer" of the year and recognized for having the "Best Leadership Development" program in 2024. Additionally, the authority came first as the best government agency promoting "Innovation in Employee Engagement" in the public and government sector across the Gulf Cooperation Council (GCC) region.

MODON also achieved second place in the "Innovation and Excellence in Employee Experience" category and third place for its efforts to "Support and Empower Women."

The awards were announced during the HR Awards ceremony, part of the HR Summit Middle East Edition held in Abu Dhabi, UAE. The event took place as part of the 12th GCC GOV HR Summit 2024.

Since its founding in 2001, MODON has focused on developing and managing industrial cities and technology zones in line with Saudi Arabia's national priorities. The authority works closely with both public and private sectors to drive industrial growth.

As a result, the area of developed land in 36 industrial cities across the Kingdom has expanded to more than 209 million square meters, accommodating 6,882 industrial facilities and 436 logistics facilities.

MODON's vision is to be the preferred destination for investment growth and the primary partner for the industrial and technology sectors in Saudi Arabia, positioning itself as a leader in innovation and workforce development.



Saudi EXIM Bank, DL Hudson Sign $50 Million Credit Facility Agreement

The agreement was signed by Director General of the Finance Department at Saudi EXIM Bank Eng. Abdulatif Al-Ghaith and Chief Operating Officer of DL Hudson Limited Moises Portillo, in London. (SPA)
The agreement was signed by Director General of the Finance Department at Saudi EXIM Bank Eng. Abdulatif Al-Ghaith and Chief Operating Officer of DL Hudson Limited Moises Portillo, in London. (SPA)
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Saudi EXIM Bank, DL Hudson Sign $50 Million Credit Facility Agreement

The agreement was signed by Director General of the Finance Department at Saudi EXIM Bank Eng. Abdulatif Al-Ghaith and Chief Operating Officer of DL Hudson Limited Moises Portillo, in London. (SPA)
The agreement was signed by Director General of the Finance Department at Saudi EXIM Bank Eng. Abdulatif Al-Ghaith and Chief Operating Officer of DL Hudson Limited Moises Portillo, in London. (SPA)

The Saudi EXIM Bank signed Sunday a $50 million credit facility agreement with DL Hudson Limited, aiming to promote the growth of Saudi non-oil exports by connecting local exporters with international buyers in over 22 markets worldwide.

Under the agreement, Saudi EXIM Bank, through its International Buyer Finance Product, will provide financing to DL Hudson Limited to purchase Saudi products and distribute them to customers across various global markets.

The agreement was signed by Director General of the Finance Department at Saudi EXIM Bank Eng. Abdulatif Al-Ghaith and Chief Operating Officer of DL Hudson Limited Moises Portillo, in London.

Al-Ghaith said: “This agreement comes within the framework of the bank's endeavor to provide financing solutions that contribute to the development of Saudi non-oil exports and boost their competitiveness in global markets.”

He highlighted the “agreement's role in promoting exports across several key national economic sectors and creating new trade opportunities for local exporters by linking them to many global markets.”

Saudi EXIM Bank, a development bank under the National Development Fund, plays a key role in diversifying the Kingdom’s economic base.

It strengthens the export system for national non-oil products and services by addressing financing gaps and minimizing export risks. These efforts support the growth of the non-oil economy in line with Saudi Vision 2030.