MODON reviews its strategy in light industries

The Industrial Cities and Technology Zones Authority (MODON) reviewed a number of its strategic projects, most notably related to the establishment of industrial cities within a city to include parks, hotels, restaurants and logistics services, and reviewed a number of investment opportunities in ready-made factories during the fifth industrialists“ meeting 2013 organized by the Eastern Chamber last week under the patronage of His Excellency the Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah under the title ”Investment opportunities in manufacturing industries for the petrochemical and metals sectors«

The sessions of the forum reviewed a number of investment opportunities presented by representatives of the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the companies »Sipchem, Sadara and Ma'aden«, where five working papers were presented for this purpose. The Director of the Investment Opportunities Department at the Saudi Authority for Industrial Cities and Technology Zones »MODON«, Engineer Ali bin Abdullah Al-Omeir, said that government support for the industrial sector is still growing, reflected in the existing expansion in industrial cities, where it is noticeable that thirty years ago and until 2007 we only had 14 industrial cities, this number jumped within a few years until last year to 29 cities, and the number was not the number of He touched on the ready-made factories and said that »MODON«, in order to save time, decided to offer ready-made factories, with areas of 1500 square meters, which are usually equipped for light, small and medium industries, and are also important for women's projects. He called on male and female investors to take advantage of this opportunity and apply electronically to request these factories, which come in accordance with all international standards and according to the aspirations of the investor himself.