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CEO of MODON: Textile Industry Investments Exceed SR4 Billion

The investments are distributed over 125 industrial contracts in 19 industrial cities
The investments are distributed over 125 industrial contracts in 19 industrial cities
    Asharq A-Awsat
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CEO of MODON: Textile Industry Investments Exceed SR4 Billion

The investments are distributed over 125 industrial contracts in 19 industrial cities
The investments are distributed over 125 industrial contracts in 19 industrial cities

The CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), Eng. Majed Al-Argoubi, has revealed that the volume of industrial investments in textiles and fabrics within the scope of MODON exceeds SR4.1 billion.

These investments are distributed over 125 industrial contracts in 19 industrial cities, covering a total area of more than one million square meters.

Al-Argoubi's comments came on Monday at the inauguration of the second edition of the Men's Fabrics and Accessories Exhibition, which is sponsored by MODON and being held at the Riyadh International Convention and Exhibition Center for five days.

According to Al-Argoubi, the textiles and men's supplies sector is experiencing high growth in the Kingdom. Most of its raw materials are sourced from Saudi Arabia, making it an attractive sector for investments.

He added that the industrial sector in the Kingdom is going through remarkable developments, thanks to the support provided by the Saudi leadership to invest in value-added projects.

MODON has also prepared advanced infrastructure, supporting logistical services, and several ready-made products and innovative solutions in all regions across the Kingdom and different areas to build factories in various sectors.

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Turkish Delegation to Visit Syria to Discuss Energy Cooperation

(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
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Turkish Delegation to Visit Syria to Discuss Energy Cooperation

(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)

A delegation from Türkiye's energy ministry will visit Syria "soon" to discuss possible energy cooperation including transmitting electricity to ease power shortages, Energy Minister Alparslan Bayraktar said late on Monday.
Türkiye, which backed Syrian opposition fighters who toppled President Bashar al-Assad this month after a 13-year civil war, has reopened its embassy in Damascus and its intelligence chief and foreign minister have met with de-facto leader Ahmed al-Sharaa.
Erdogan last week said that Ankara would do whatever necessary for the reconstruction of Syria, including improving energy ties.
"A delegation from the Energy Ministry will visit Syria as soon as possible and will conduct examinations on electricity and energy infrastructure of Syria," Bayraktar told reporters, according to Reuters.
The Turkish delegation will also discuss energy cooperation with the new Syrian government and Türkiye's possible assistance on the issue, Bayraktar added.
"The main problem in Syria in the field of energy is the electricity (shortage) at the moment. A formula will be sought (for Türkiye) to provide electricity to Syria," he added.
Türkiye currently provides electricity to some parts of northern Syria where it has mounted four military operations since 2016.