The Saudi Authority for Industrial Cities and Technology Zones (MODON) has recently concluded nine substantial contracts with the private sector, totaling over SAR1 billion (266.47 million). These contracts will significantly accelerate the development of industrial cities across the Kingdom of Saudi Arabia.
Aligning with Vision 2030 and National Industrial Strategy
This initiative is strategically designed to establish and enable an industrial and investment environment that aligns perfectly with MODON’s vision to become the preferred destination for investment growth and the primary partner in the industrial sector, in line with the objectives of the National Industrial Strategy and the Kingdom’s Vision 2030.
Read more: Saudi MODON attracts investments worth $3.85 billion in 2023: Report
Expanding industrial infrastructure across the Kingdom
The new projects include signing a contract to finalize infrastructure development for the initial phase of the third industrial city in Jeddah and another contract for infrastructure development in the initial phase of the second industrial city in Makkah. Additionally, MODON has allocated 4.3 million square meters of land for investment to enhance its investment system, meeting the expectations of local and international investors. A contract was also signed to develop the infrastructure in the third industrial city in Dammam and allocate 2.5 million square meters of land to accommodate the growing demand for industrial investment in the Eastern Province.
الرئيس التنفيذي@M_Alargoubi يوقع 9 عقود جديدة مع القطاع الخاص بأكثر من مليار ريال لاستكمال تطوير وتنفيذ مشروعات المرافق الخدمية والبنى التحتية، وإيصال خدمات الكهرباء بعدد من المدن الصناعية، لتمكين الاستثمارات، تماشيًا مع الاستراتيجية الوطنية للصناعة و #رؤية_السعودية_2030. pic.twitter.com/axtudV4wTK
— مدن | MODON (@modon_ksa) July 29, 2024
Upgrading electrical infrastructure in industrial cities
MODON has also sealed a deal to establish 132 kV overhead lines in the industrial city of Tabuk, with a capacity of 100 MVA, and another contract for the establishment of 115 kV overhead lines in the industrial city of Hafar Al-Batin, also with a capacity of 100 MVA, to improve operational efficiency and fulfill the electrical energy requirements of industrial investors.
Driving Saudi Arabia’s industrial transformation
MODON is dedicated to developing industrial cities that adhere to international standards, supporting Saudi Arabia’s transformation into a prominent industrial force and logistics hub. At the beginning of 2024, it launched “Modon Oasis” in Jeddah as part of its initiatives to attract quality industries, promote entrepreneurship projects, and assist small and medium-sized enterprises.
Driving national exports
Since its inception, MODON has successfully developed over 209 million square meters and has implemented a comprehensive infrastructure system. It currently oversees 36 industrial cities, including six industrial oases across the Kingdom, housing over 6,500 industrial facilities that bolster the industrial sector and contribute to significantly increasing national exports.
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