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MODON Sets Smart Technology Transformation Strategy for Saudi Industrial Environment

MODON establishes a strategy to help transform Saudi Arabia into a promising industrial powerhouse. (Asharq Al-Awsat)
MODON establishes a strategy to help transform Saudi Arabia into a promising industrial powerhouse. (Asharq Al-Awsat)
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MODON Sets Smart Technology Transformation Strategy for Saudi Industrial Environment

MODON establishes a strategy to help transform Saudi Arabia into a promising industrial powerhouse. (Asharq Al-Awsat)
MODON establishes a strategy to help transform Saudi Arabia into a promising industrial powerhouse. (Asharq Al-Awsat)

Over the last year, the Saudi Authority for Industrial Cities and Technology Zones (MODON) has been working under a strategy in harmony with the programs listed in the Kingdom’s plan for national transformation, Vision 2030.

Some of the core objectives of the plan are to transform Saudi Arabia into a promising industrial powerhouse, a global logistics platform and achieve sustainable and balanced development in the Kingdom.

Vision 2030 also promotes activating innovative technical transformation in the business environment of the industrial cities in the country.

In its latest report, MODON revealed it had established a strategy that paves the way towards the vision of it becoming an enabling industrial environment powered by smart technology transformation. This will aid in MODON contributing to the growth of the national economy.

MODON is working in collaboration with the National Industrial Development and Logistics Program (NIDLP) towards realizing the abovementioned goals.

The authority also contributes to developing non-oil revenues, generating new job opportunities, stimulating the private sector, and providing a safe environment for investors.

Also, it follows a unified framework that enhances coordination and control over performance, projects, and initiatives.

This method helps in achieving strategic goals, reducing risks, and contributing to increasing chances of success.

It does so through the governance of initiatives and projects and facilitating coordination with relevant authorities.

The authority works to ensure the smooth running of initiatives and offers a continuous follow-up to their implementation. It oversees stakeholder participation, corrective action, continuous improvement, and development of the plan’s outputs.

MODON was initially launched to adapt to the local and global variables and meet the growing needs for the primary environment required for the Kingdom’s industrial development.

The authority was also established to fulfill the future requirements and help the private sector play a more significant role in the development, operation and management of facilities and services.

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Congress to Vote on New Restrictions on US Investment in China

FILE PHOTO: A person sits on a bench near Beijing's Central Business District (CBD), China July 14, 2024. REUTERS/Tingshu Wang/File Photo
FILE PHOTO: A person sits on a bench near Beijing's Central Business District (CBD), China July 14, 2024. REUTERS/Tingshu Wang/File Photo
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Congress to Vote on New Restrictions on US Investment in China

FILE PHOTO: A person sits on a bench near Beijing's Central Business District (CBD), China July 14, 2024. REUTERS/Tingshu Wang/File Photo
FILE PHOTO: A person sits on a bench near Beijing's Central Business District (CBD), China July 14, 2024. REUTERS/Tingshu Wang/File Photo

Congress is set to vote in the coming days on legislation restricting US investments in China as part of a bill to fund government operations through mid-March, lawmakers said late on Tuesday.
In October, the Treasury finalized rules effective Jan. 2 that will limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security.
The bill expands on those restrictions and also includes other provisions aimed at concerns about China, including a requirement to study national security risks posed by Chinese-made consumer routers and modems and mandate reviews of Chinese real estate purchases near additional national security sensitive sites.
"China is an economic adversary and we must take bold action to safeguard our future against the Chinese Communist Party," Reuters quoted Senator Bob Casey, a Democrat, as saying.

"This legislation takes bold action to restrict US investments to stop our national security technology from getting into the hands of our adversaries before they can use it against us.”
The Chinese Embassy in Washington did not immediately comment.
The bill will also require the Federal Communications Commission to publish a list of every entity that both holds an FCC license or authorization and has any ownership by foreign adversarial governments, including China to ensure the commission "knows when telecommunications and technology companies have a connection and foreign adversary."
Washington is moving on a number of fronts to further restrict Chinese products.
An annual defense bill could ban China-based DJI and Autel Robotics from selling new drones in the United States market, while the Commerce Department is working to finalize rules in the coming weeks that would bar Chinese automakers from selling vehicles in the United States and bar China Telecom from US operations.
Lawmakers have criticized major American index providers for directing billions of dollars from US investors into stocks of Chinese companies that the US believes are facilitating the development of China’s military.
The Treasury rules and legislation cover semiconductors and microelectronics, quantum information technologies and certain AI systems aimed at preventing investments in Chinese technologies like cutting-edge code-breaking computer systems or next-generation fighter jets.
Representative Rosa DeLauro, the top Democrat on the House Appropriations Committee, said "for years I have watched American dollars and intellectual property fuel the Chinese Community Party's technology and capabilities... This legislation builds on the regulations put into place this year by the Biden Administration, and sets the stage for continued bipartisan efforts to protect and rebuild our critical national capabilities."
The outbound legislation covers technologies listed in the Treasury order and adds additional AI models that use some semiconductors, AI systems designed for exclusive military or government surveillance end use, hypersonic systems and additional export-controlled technologies.