‘Wadeem’ sold out for $1.49bn
This is the highest Abu Dhabi real-estate release to date.Saudi Arabia sets Guinness record for largest food cluster
Riyadh, Saudi Arabia -- Saudi Arabia has set a Guinness World Record for the largest food cluster in the world with the Jeddah Food Cluster, which spans over 11 million square meters and has set a new global benchmark.The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced ambitious...UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement of the Ras El Hekma project and the participation of Emirati companies in its expansion and growth plan. This project is one of Egypt’s most ambitious coastal city developments. Located...Saudi’s Modon attracts $3.8bn industrial investments in 2023
Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced significant progress in attracting industrial and logistical investments for 2023 which hit SAR14.45 billion ($3.85 billion), according to Trade Arabia. Releasing its annual report for 2023, Modon highlighted the significant progress in attracting investments, developing industrial infrastructure, and promoting...MODON attracts US$34m investment to develop military industry in Saudi Arabia
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (MODON) has attracted new investments worth US$34 million (SAR130 million). This will be used to localize military aircraft industries, including drones and provide repair, maintenance and overhaul services for ships. Securing funding is one of the authority's...Saudi Arabia, South Korea ink pact to manufacture vaccines, biotech solutions
Seoul, South Korea - Saudi Arabia and South Korea on Sunday signed a Memorandum of Understanding (MoU) to collaborate in manufacturing vaccines and biotech solutions. The agreement was inked between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the South Korean GL Rapha Holding Company, Saudi Gazette...AJEX, MODON sign partnership
AJEX will have rights to operate warehousing facilities at Modon.Modon attracts new investments via partnerships with China, Japan
Riyadh, Saudi Arabia -- The Saudi Authority for Industrial Cities and Technology Zones (Modon) has attracted new investments by partnering with China and Japan to provide third-party services in industrial cities, as part of Modon's strategic vision to be a preferred destination for the growth of investments and the first...Modon inks 2 MoUs with Saudi Exports, Local Content Authority
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding with the Saudi Export Development Authority and the Local Content and Government Procurement Authority (LCGPA) to promote national products. The MoU with the development authority entails exchange of expertise in...MODON to acquire GE’s Industrial Complex in the Eastern Region
Riyadh, Saudi Arabia -- The Authority for Industrial Cities and Technology Zones (MODON) has signed an agreement with GE whereby the latter's factories spread over 120,000 square metres in the Eastern Region will come under MODON supervision. The agreement was signed between the CEO of the MODON Eng. Majed Al-Argoubi...MODON to build and operate 14 warehouses in Jeddah
Riyadh, Saudi Arabia--The Saudi Authority for Industrial Property and Technology Zones (MODON) signed yesterday a partnership agreement to establish, develop and operate 14 warehouses with flexible spaces in the First Industrial City in Jeddah. Equipped with smart and automated systems, the warehouses are expected to provide fast and temporary logistical...MODON and Bin Laden Company to build industrial city
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.23 solar panel plants to come up across Saudi Arabia
DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia, according to Saudi Authority for Industrial Cities and Technology Zones (Modon). The plants will be established in 12 industrial cities, including Riyadh, Sudair, Al-Kharj, Dammam, Jeddah, Al-Madinah and Al-Baha as...Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses to companies with a capital of $141.8m In order to prod more firms in Saudi Arabia to list on Tadawul, the Saudi Authority for Industrial Cities and Technology Zones (MODON)...














