Saudi Industrial Property Authority (Modon) has signed two agreements with Saudi Electricity Company (SEC) for the transmission of electricity in several industrial cities in the kingdom.
The first agreement, worth SR300m ($80m), involves the establishment of medium voltage distribution networks for land plots at all of Modon’s industrial cities in the kingdom.
The second agreement, valued at SR164m, is for transmission equipment to take power to proposed industrial cities in Sudair and Dammam.
Modon is currently developing 14 industrial cities in different regions of Saudi Arabia. Another five cities are being established, including Sudair City for industry and business, Al-Kharj Industrial City, Jeddah Second Industrial City, Ar’ar industrial City and Jazan Industrial City.