The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has expanded its total logistics space in industrial cities across the Kingdom to over 4.8 million square meters.
The increase is in response to the growing demand for its services and to provide a comprehensive range of logistics products, reported the Saudi Press Agency on Thursday.
MODON is participating in the international trade fair, Transport Logistics, Asia's leading trade fair for logistics, transportation, information technology, and supply chain management. The event is taking place in Shanghai, China, from June 25 to 27, 2024.
MODON is participating within the National Industrial Development and Logistics Program (NIDLP) pavilion to promote industrial investment opportunities and logistical projects in industrial cities. They will also be introducing the incentives and capabilities that MODON offers to both local and foreign investors.
Under the vision of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, MODON is responsible for developing and supervising several logistics centers as part of the general plan for logistics centers that was launched in August 2023. The goal is to develop 59 logistics centers with a total area exceeding 100 million square meters.
MODON is committed to supporting and facilitating industrial and logistical investment opportunities. To this end, it provides investors with a comprehensive package of services and products. These include the development and operation of specialized warehouses, dry and refrigerated warehouses, warehouse areas, yards, and centers for shipping truck services.
This comprehensive offering underscores MODON's commitment to providing a conducive environment for industrial and logistical investment.
MODON is diligently following an ambitious plan to develop industrial cities in line with its objectives. These cities are designed to attract investment, empower the industry, and ensure stability.
The developed land areas have expanded, exceeding 209 million square meters. They currently encompass over 6,600 industrial and logistical facilities to enhance local content and maximize exports, all in line with the goals of Saudi Vision 2030.
