Riyadh - Mubasher: The Saudi Authority for Industrial Cities and Technology Zones (MODON) has signed two contracts to establish two industrial complexes in the Second Industrial City in Makkah Al-Mukarramah and Al-Kharj City, at a total cost exceeding SAR 2 billion .

The two contracts were signed by the CEO of Modon and the CEO of Al-Baddad Saudi Holding Company, in the presence of the Chairman of the Board of Directors of the company .

The industrial complex in the Second Industrial City in Makkah Al-Mukarramah is the first of its kind in “Modon” to be developed by the private sector. The complex area exceeds 1.3 million square meters, with investments reaching 1.75 billion riyals, as it aims to localize promising qualitative industries using the latest manufacturing technologies.

The complex is expected to provide about 5,000 job opportunities and boost national exports by up to 60% of its production, which will be exported to African, European and American markets in addition to some Arab countries .

As for the industrial complex in Al Kharj city, which extends over an area exceeding 307 thousand square meters and the size of its investments reaches 375 million riyals, it aims to provide about 1000 job opportunities.

It will also contribute to supporting the construction industries, exhibitions industry, sports, cultural and entertainment events, in addition to enhancing the iron, aluminum, glass and PVC fabrics industries. It aims to export about 60% of the production to the Gulf countries .

Modon continues to develop its projects in the second industrial city in Makkah Al-Mukarramah, where several infrastructure projects have been launched on an area exceeding 4.3 million square meters, with the launch of a substation with a capacity of 200 MVA, with the aim of creating a competitive industrial environment that enhances growth and sustainability .

These industrial complexes contribute to supporting the objectives of Modon’s strategy to be the preferred destination for investments, and achieving the goals of the Kingdom’s Vision 2030, thus enhancing the Kingdom’s position as a leading industrial power .

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