Saudi Industrial Property Authority (MODON), government agency responsible for developing and supervising industrial lands in the Kingdom, forecast that developed (industrial) land in the Kingdom will reach up to 160 million square meters by 2015, indicating that MODON currently has 110 million square meters of land ready for investment, spread in 29 industrial cities, Abdullah bin Fahd Al-Fassam, Director of Studies and Planning, MODON, said.
In addition, five new industrial cities – Salwa Industrial City, Jazan and Rabigh industrial cities in addition to Al-Ahsa Second Industrial City – which includes factories equipped for women’s work, to be attractive to women workers, are being planned
In addition, five new industrial cities – Salwa Industrial City, Jazan and Rabigh industrial cities in addition to Al-Ahsa Second Industrial City – which includes factories equipped for women’s work, to be attractive to women workers, are being planned, he added.
Al-Fassam said the existing projects and future plans for expansion in the industrial cities across the Kingdom would increase the participation of the industrial sector in the total GDP as stipulated in the national strategy for the industry.
He invited businessmen and investors to take advantage of the opportunity of ready-built model factories, which MODON is providing as an investment option to attract more investments and encourage the Saudi youth to be ready to work in the industrial sector.
He pointed out that MODON had recently begun work on ready-built model factory project in order to reduce the cost of industrial projects.
More than $80 billion worth of contracts in the Kingdom will be awarded in 2013, an increase of almost 36 percent from 2011, and 10 percent compared with the projects witnessed in 2012.
SG/QJM
2 October
