Saudi Authority for Industrial Cities and Technology Zones “MODON” has signed industrial contracts and agreements worth more than SR 2.3 billion to enable mining industries in line with the objectives of Saudi Vision 2030 to transform the mining sector as the third pillar of the national industry.
Modon has signed contracts and industrial agreements worth more than SR 2.3 billion to enable the mining industries in line with the objectives of the Kingdom's Vision 2030 to transform the mining sector to be the third pillar of the national industry.
This came during the participation of "Madin" as a strategic sponsor of the fourth edition of the International Mining Conference, organized by the Ministry of Industry and Mineral Resources in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - from (14 to 16) January 2025, emphasizing the role of industrial cities in advancing the national economy.
The contracts included the allocation of an industrial land of more than 205 thousand square meters in the third industrial city in Dammam to invest 1.3 billion riyals in localizing the aluminum foil industry, as one of the complementary industries to the mining industries that rely on aluminum alloys as a raw material.
Madan has allocated 69,000 square meters of industrial land in Shaqra Industrial City to invest more than 125 million riyals in localizing the automotive battery industry and strengthening national supply chains to enable the automotive industry in the Kingdom and export to regional and global foreign markets.
In the same context, MODON has allocated 120,000 square meters of industrial land in Al Kharj Industrial City to invest 195 million riyals in establishing a plant to produce sustainable cement alternatives with a capacity of up to 2 million tons per year, contributing to reducing carbon emissions from concrete industry inputs by up to 50%, and enhancing air quality standards to achieve the Kingdom's environmental goals.
Modon signed a cooperation agreement with Ma'aden to develop the infrastructure of the residential area of the second phase in the industrial city of Waad Al Shamal on an area of 365,000 square meters to enhance the quality of life in a full-service residential environment.
A memorandum of understanding was signed to develop an industrial land dedicated to industries related to mining activities in the area surrounding the Khunaiqiyah mine to facilitate the work of mining companies operating in the mines and achieve optimal exploitation of mining resources amounting to 25 million tons of raw materials, including zinc, copper, manganese and gold minerals.
Modon signed a memorandum of understanding to develop an industrial land dedicated to industries related to mining activities in the area surrounding the Khunaiqiyah mine.
It is noteworthy that during 2024, MODON succeeded in attracting 186 new investments in the mining and supporting manufacturing sectors, an increase of more than 11%, thanks to the investment and quality incentives, industrial and logistical facilities it provides in 39 industrial cities around the Kingdom, MODON also continues to create an enabling industrial environment for local and foreign investments, which contributed to increasing the number of industrial facilities in the industrial cities it supervises to 6,892 factories and 8,504 industrial, logistics and investment contracts.
