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Modon secures SAR 2 bn investments for new industrial hubs in Makkah + Al-Kharj: The Saudi Authority for Industrial Cities and Technology Zones (Modon) closed two major contracts with KSA and UAE-headquartered Al Baddad to establish new manufacturing hubs in Makkah and Al Kharj prioritizing export-oriented production, at a total investment exceeding SAR 2 bn, according to a press release.
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Makkah’s Second Industrial City will host a SAR 1.75 bn, 1.3 mn sqm complex. The facility will use high-tech production lines, focused on advanced industries. The project looks to generate 5k jobs and boost national exports with 60% of its output earmarked for markets in Africa, Europe, North America, Syria, Lebanon, Jordan, and Iraq. The development will take place in parallel with infrastructure works across Makkah’s second industrial city that include a new power plant.
A second 307k sqm hub will be established at Al Kharj’s Second Industrial City at a SAR 375 mn investment. The complex will support construction and events industries, creating 1k jobs. It will produce iron, aluminum, glass, and PVC products, with 60% of production slated for export to Kuwait, Bahrain, Oman, and Qatar.
Who’s doing what: Al Baddad will lead the development of infrastructure and the construction of ready-made and prefabricated buildings at the new developments. Meanwhile, Modon will provide oversight as part of its general mandate to facilitate public-private partnerships at industrial cities.
The new complexes will manufacture a variety of goods, including iron, aluminum, and glass products, prefabricated and ready-made buildings, cotton textiles, carpets, home decor, furnishings, personal care products, household appliances, and central and split air conditioning units. The manufacturing hubs will also provide comprehensive Hajj and Umrah services, including accommodation, transport, and logistics.
ALSO FROM MODON- The authority inked an investment agreement with Oman’s Osara Real Estate Development to set up 52 ready-built factories at Jeddah’s Second Industrial City, according to a separate statement.
