KSA Business: Saudi Modon draws $3.8bn industrial investments in 2023
Saudi Authority for Industrial Cities and Technology Zones (Modon)
Source: gdnonline.com
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Saudi Arabia's MODON Attracts SAR14.45 Bln in Industrial, Logistical Investment in 2023
The Saudi Authority for Industrial Cities and Technology Zones (MODON) released its annual report for 2023, highlighting significant progress in attracting investments, developing industrial infrastructure, and promoting sustainable industrial growth, all in line with the aspirations of Saudi Vision 2030, reported the Saudi Press Agency on Monday. The report details a SAR14.45 billion increase in cumulative investments during 2023. New investments surged by 63%, with 891 local and foreign investments secured. Notably, foreign investments grew by 85% over 2022.
Source: aawsat.com
Siemens electrical equipment factory in KSA opened
Siemens and Arabia Electric Limited Equipment Company, its partner in Saudi Arabia, have inaugurated its 6,000 sq m medium-voltage electric panel manufacturing facility in Modon Oasis Jeddah.
Source: tradearabia.com
Modon plans $145 million projects in six industrial cities
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has unveiled plans for 10 new development projects across six industrial cities, collectively valued at over $145 million. They are aimed at facilitating value chain initiatives.
Source: tradearabia.com
Saudi Electricity hooks up Modon Oasis in Al-Jouf
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Source: zawya.com