The Saudi Industrial Cities and Technology Zones Authority (MODON) signed a number of contracts and memorandums of understanding with investments amounting to 8.8 billion riyals, on the sidelines of its participation in the 21st session of the General Conference of the United Nations Industrial Development Organization (UNIDO) under the name “Global Manufacturing Summit” hosted by Riyadh from 23 to 27 November, with total allocated areas exceeding 3.3 million square meters to develop industrial and logistics projects, under the patronage of Minister of Industry and Mineral Resources Bandar Al-Kharif.

MODON has signed a contract with “Eternal Prosperity” company to develop a private industrial complex in the third industrial city of Dammam, which has an area of 1.5 million square meters.

Modon Modon signed a contract with Eternal Prosperity Company to develop a private industrial complex in the third industrial city of Dammam with an area of 1.8 million square meters, with investments of up to 5 billion riyals, with the aim of enhancing industrial productivity.

Modon also signed a contract with Eternal Prosperity Company to develop a private industrial complex in the third industrial city of Dammam with an area of 1.8 million square meters. MODON also signed a contract with Jingdong Real Estate Company of China to develop warehouses with a total area of 50,000 square meters and investments of up to 100 million riyals in MODON Oasis in Jeddah to support storage and distribution efficiency, and signed a memorandum of understanding for cooperation in studying, developing and operating industrial and logistics projects with investments of 3.75 billion riyals and total areas of more than 1.5 million square meters, in a number of industrial cities around the Kingdom.

Modon also signed a memorandum of understanding to cooperate in the study, development and operation of industrial and logistics projects with investments of 3.75 billion riyals, with a total area of more than 1.5 million square meters.