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
Dubai Quality Group Awards: 66 winners honoured from government and private sectors
Four main awards given to winners from UAE, Saudi Arabia, Oman and India during ceremony
Source: gulfnews.com
Investments in Saudi logistics sector touch $559m, says Modon official
RIYADH: Saudi Arabia’s logistics sector has seen unprecedented growth in recent years, with the volume of investment currently reaching SR2.1 billion ($559 million), revealed a top official. The investment was facilitated by as many as 208 logistical contracts and leased areas measuring to 3.2 million sq. m, under the Saudi Authority for Industrial Cities and Technology Zones,
Source: arabnews.com
Saudi Arabia aims to automate 4,000 factories to meet demand of 4IR: Vice Minister
RIYADH: Saudi Arabia is eyeing to automate 4,000 factories as the Kingdom makes itself capable to compete with global entities in the fourth industrial revolution, according to Osama Al-Zamil, vice minister of Industry and Mineral Resources. Speaking at the induction ceremony of the Factories of the Future program on Wednesday, Al-Zamil said that the factories in Saudi Arabia
Source: arabnews.com