MODON signed over 900 new industrial contracts this year
The Saudi Authority for Industrial Cities and Technology Zones (MODON) attracted over 900 new industrial contracts this year, including major global companies, said MODON CEO Majed Al-Argoubi.
Al-Argoubi told Asharq News that MODON also expanded its industrial land portfolio by more than 19 million square meters (sqm) and introduced over 400 ready-to-operate factories to the industrial cities.
He noted that the authority’s goals for 2026 are even more ambitious, with a focus on attracting high-value players in supply chains to boost local content and enhance localization in the industrial sector.
Al-Argoubi highlighted that next year, MODON aims to develop over 16 million additional sqm of industrial land and around 500 ready-to-operate factories.