The Saudi Authority for Industrial Cities and Technology Zones (MODON) launched an incentive package to encourage companies list shares on the Saudi Stock Exchange (Tadawul).
MODON spokesperson and Director of Marketing and Corporate Communications Qusay al-Abdulkarim said these incentives stipulate that industrial firms seeking a share listing will be given priority to obtain land plots and factories.
A manager will be appointed to accelerate doing businesses, and the targeted companies will be granted the built-to-suit-model right, he explained.
Land plots and factories are equipped with infrastructure and other utility services, he noted.
The incentives were launched in cooperation with Tadawul, and in line with the Financial Sector Development Program and the private sector initiative.
Since its inception in 2001, MODON has been developing integrated industrial lands in accordance with the highest international standards. It currently oversees 36 industrial cities in across the Kingdom, with more than 4,000 factories.
