JEDDAH: Saudi industrial cities are set for further growth as the sector\u2019s authority revealed it has signed 23 development contracts with the private sector, valued at over SR1.7 billion ($453 million). The agreements, announced by the Saudi Authority for Industrial Cities and Technology Zones, or MODON, encompass a wide range of projects aimed at boosting industrial capabilities. These include the expansion of industrial cities, the construction of ready-made factories, the enhancement of MODON\u2019s safety and security systems, and initiatives aligned with the National Industry Strategy. Additionally, the projects will address water and irrigation needs, improve water treatment facilities, upgrade electricity services, and expand road networks. MODON\u2019s latest contracts highlight the growing role of the private sector in supporting Saudi Arabia\u2019s ambitious Vision 2030 goals, which emphasize economic diversification, local production, and the creation of an attractive environment for both domestic and foreign investment. The projects are expected to enhance the competitiveness of Saudi industrial cities, foster greater investment, and improve operational efficiency for businesses. <\/p>\n
The agreements will also contribute to regional development, improve environmental sustainability, and promote vegetation growth, MODON stated in a post on its X account. <\/p>\n
The development of these projects is in line with Saudi Arabia\u2019s broader efforts to build a dynamic and innovative economy. <\/p>\n
This move follows a previous round of agreements in July, when MODON signed nine contracts valued at SR1 billion to enhance infrastructure and service facilities across various industrial hubs. Key initiatives from that round included the development of infrastructure in Makkah\u2019s and Jeddah\u2019s industrial cities and the installation of 132-kilovolt overhead power lines in Tabuk\u2019s industrial city. <\/p>\n
Looking ahead, MODON plans further expansion with projects that will improve electrical services, such as the construction of 115-kV overhead power lines in Hafr Al-Batin\u2019s industrial city. The authority is also focusing on enhancing infrastructure networks for the first and second phases of Dammam\u2019s Third Industrial City. <\/p>\n
Since its establishment in 2001, MODON has overseen the development of 36 industrial cities and is responsible for managing both operational and under-construction industrial lands across the Kingdom. <\/p>\n
In the first quarter of 2024, MODON attracted SR3.4 billion in private sector investments, signed 142 new industrial contracts, and registered a total of 6,758 factories. <\/p>\n
As part of its commitment to sustainable growth, MODON also planted over 576,000 trees and finalized 335 logistics contracts, underscoring its broader environmental and economic development objectives.<\/p>\n","protected":false},"excerpt":{"rendered":"
JEDDAH: Saudi industrial cities are set for further growth as the sector\u2019s authority revealed it has signed 23 development contracts with the private sector, valued at over SR1.7 billion ($453 million). The agreements, announced by the Saudi Authority for Industrial Cities and Technology Zones, or MODON, encompass a wide range of projects aimed at boosting […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-451697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n