The Saudi industrial zones managed to attract local and international investments with areas exceeding half a million square meters, after launching a package of products aimed at creating unique opportunities, providing assistance and stimulating programs for investors.
A recent report issued by the Saudi Authority for Industrial Cities and Technology Zones (MODON) - a copy of which was received by Asharq Al-Awsat - revealed that local and international investments over the past year exceeded a total value of 2.8 billion riyals (USD746 million).
During the past year, MODON signed contracts to develop and invest ready-made factories of various sizes in the industrial city of Asir, the third industrial city in Jeddah, and the third industrial city in Riyadh to serve entrepreneurs, in addition to allocating service land to complete the services system in the industrial city of Wa’ad Al-Shamal, the first industrial city in Asir, and the first industrial city in Jeddah.
MODON offers a range of innovative, diversified and highly reliable products that support the Saudi government’s continuous plans to advance the industrial sector, and contribute to diversifying sources of income, as one of the pillars of national industry empowerment and leadership.
MODON provides industrial land with developed infrastructure and services with different areas starting with 1,700 square meters to meet the needs of industrial investors, supports owners of small and medium enterprises to carry out their industrial activities, and establishes ready-made, full-service factories with various areas ranging between 700 to 1,500 square meters for investment partners and entrepreneurs.
