More than 300 facilities have already been built by Modon in 30 industrial cities across Saudi Arabia
The Saudi Industrial Property Authority (Modon) has built more than 300 ready-made factories to service the kingdoms growing manufacturing sector.
Speaking at the Saudi Downstream 2014 conference in Yanbu, Saleh al-Rasheed, director-general of Modon, says there is huge demand for such facilities from companies wanting to quickly start up operations.
The factories have been constructed across Modons 30 existing and under-development cities, in locations including Riyadh, Jeddah and Dammam, as well as in more remote areas, such as Hail and Tabuk. Each factory has an area of about 1,500 square metres and are designed to accommodate small conversion companies.
Read more from Saudi Downstream 2014
- Foreign procurement costing Saudi Arabia SR350bn
- Sadara conversion park attracts 17 companies
- Downstream provides more jobs than megaprojects in Saudi Arabia
- Sabic head says downstream development a national priority
- Saudi oil minister confirms refinery integration plans
- Sabic chairman calls for further growth of downstream sectors
You might also like...
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
