INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

MODON and Bin Laden Company to build industrial city

  • The city located in Bahrah, a town  in Makkah province, is a step to empower  the industry and increase the local economic activity in GDP terms by 65 percent
  • MODON was established in 2001 to develop industrial lands with integrated services

The Saudi Authority for Industrial Cities and Technology Zone (MODON), has teamed up with Mohammed Bin Laden Co. to develop an industrial city exceeding 5 million square meters.

The city located in Bahrah, a town  in Makkah province, is a step to empower  the industry and increase the local economic activity in GDP terms by 65 percent, in line with the Saudi Vision 2030, said CEO of MODON, Khalid M. Al-Salem.

MODON was established in 2001 to develop industrial lands with integrated services. It oversees 36 industrial cities that exist or are under development in Saudi Arabia.