The Saudi Authority for Industrial Cities and Technology Zones (MODON) constructed 52 new ready-made factories in the Second Industrial City in Dammam and the Industrial City in al-Kharj.
MODON aims to enhance its strategy towards empowerment and contribute to increasing local content and localizing important sectors of the national economy through its “Ready Factories” with various areas between 700 and 1,500 square meters.
MODON’s Director of Marketing and Corporate Communications Dept, Qusai Al-Abdul Karim, explained that the new projects include 20 ready-made factories with an area of 700 square meters, 12 facilities of 1,500 square meters in the Industrial City of al-Kharj, and 20 factories with an area of 700 square meters in the Second Industrial City in Dammam.
He indicated that all facilities had been linked to the power supply and all were ready for allocation and investment.
Abdul Karim explained that the ready-made factory products support self-employment among members of society, provide more job opportunities in the industrial sector, and help implement MODON’s initiatives.
They also achieve economic diversification goals by attracting and localizing value-added investments within Vision 2030.
He stated that the authority had opened a lot of ready-made factories in some regions of the Kingdom to support industrial development and stimulate investments, including 24 factories in the Industrial City of Hail, 14 in Medina, and 78 in Sudair.
MODON recently signed a contract with an investment company to establish 84 ready-made factories with an area of 700 square meters per unit and an area of 80,749 square meters in Riyadh Third Industrial City.
