Saudi Arabia’s Authority for Industrial Cities and Technology Zones (MODON) has signed a series of agreements and memoranda of understanding worth a combined SAR 8.80 billion, according to sources. The commitments span more than 3.30 million square metres and are geared towards the development of new industrial and logistics assets across the Kingdom.
A major component of the announcement is a SAR 5 billion contract to build a private industrial complex in the Dammam Third Industrial City. The site will cover 1.80 million square metres and marks one of MODON’s largest recent undertakings.
In Jeddah, MODON finalised an agreement with China’s JINGDONG Property company to establish warehouses totalling 50,000 square metres within MODON Oasis. The investment for the project is expected to reach SAR 100 million.
A further MoU was concluded to support cooperation on the study, development, and operation of industrial and logistics projects, representing an additional SAR 3.75 billion in planned investments.
Since its inception in 2001, MODON has been responsible for developing and supervising industrial zones and associated infrastructure. The authority now oversees 39 industrial cities either operating or under development across Saudi Arabia, alongside a number of private industrial sites. The total area of developed industrial land has reached nearly 220 million square metres.
These industrial zones currently accommodate around 8,000 industrial and investment contracts, with more than 4,000 factories that are operational, under construction, or in the establishment phase.
