The Saudi Industrial Cities and Technology Zones Authority (MODON) has launched new financing solutions in partnership with the private sector to improve access to finance for entrepreneurs and SME owners, creating jobs and sustainable economic growth.
This comes as part of MODON's signing with Sukuk Capital.
This came in the context of MODON and Sukuk Capital signing a memorandum of understanding (MoU) yesterday signed a Memorandum of Understanding (MoU) to provide dynamic, competitive and comprehensive financing solutions that are suitable to enhance the capabilities of factories to achieve the targeted growth and create an attractive environment for industrial investments in line with the programs of Saudi Vision 2030 and in line with the objectives of the National Industrial Strategy. According to the MoU, MODON partners benefit from financing solutions with short, medium and long terms with flexible payment schedules that contribute to increasing collection efficiency, in addition to the speed and ease of financing procedures, as the financing offer is made within three working days from the time of submission on the company's electronic platform.
Financing solutions
