The ceremony was attended by ministers, senior officials, and CEOs of local and international companies investing in the military and defense industries in the Kingdom.
The volume of industrial investments in textiles and fabrics within the scope of the Saudi Authority for Industrial Cities and Technology Zones (Modon) has exceeded SR 4.1.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed SR1.07 billion ($285 million) agreements to localize the food and beverage industry in the kingdom. With this the total number of F&B factories in the kingdom has risen to 1171.
This is in line with the objectives of the National Industry Strategy and the initiatives mandated in the National Industrial Development and Logistics Program (NIDLP) in line with Saudi Vision 2030.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a partnership agreement with private groups for the development and operation of 14 fully-digital and automated warehouses with flexible areas at Jeddah 1st Industrial City.