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Saudi Arabia s MODON leases land for blood plasma derivatives plant
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Saudi tourism, industrial projects outlined in online forum
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Wednesday, 17 March, 2021 - 09:15
A model of ready-built factories in Saudi Arabia (Asharq Al-Awsat) Asharq Al-Awsat
Investments in ready-built factories and industrial land plots increased by nearly 200 percent and 21 percent, respectively, in 2020, revealed the Saudi Authority for Industrial Cities and Technology Zones (MODON).
MODON succeeded in raising investments in ready-built factories to more than SAR600 million ($160 million) from SAR200 million ($53 million) in 2019, despite the global economic slowdown due to the COVID-19 pandemic, said MODON’s Director of Marketing and Corporate Communications Qusay al-Abdul Karim.
He indicated that investment in industrial lands saw an increase of more than 21 percent to amount to SAR5.6 billion in 2020 compared to 2019.
Tuesday, 19 January, 2021 - 10:45
An industrial city in Saudi Arabia. (SPA) Riyadh - Asharq Al-Awsat
Saudi Arabia wants to localize its pharmaceutical industries in anticipation of any future changes at the level of supply chains.
Saudi Minister of Industry and Mineral Resources Bandar al-Khorayef announced that localization is now the government’s top priority given the importance of drug security.
Khorayef stressed that all parts of the industrial system complement their roles in providing the necessary infrastructure, financing and logistical support.
The minister visited Monday al-Madina al-Munawwara Industrial City where he inspected services and progress in various projects.
He indicated that localization and providing a suitable job environment for Saudis is equally important as localizing the pharmaceutical industry itself.
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