Modon, Saudi Arabia’s industrial development arm has signed five contracts valued at SR420m ($112m) for the development of industrial sites within Dammam’s second industrial city.
The contracts were signed with five local firms.
Saudi German Plastics Manufacturing Company signed a SR176m contract for a 21,000-square-metre area to produce plastic goods.
Al-Mutlaq Service & Manufacturing Company has signed a SR80m contract for a 26,000-square-metre site to produce automotive spare parts.
The third contract, worth SR60m was signed by Teikyo Middle East Electricity Company Factory for the development of a 34,000-square-metre site for the production of rotary motors. Vital Chemicals Factory was awarded the fourth contract of SR54m, covering an area of 43,000 square metres which will be used for the production of laboratory materials.
The fifth contract, valued at SR47m, was awarded to Company Factory for Pipe Projects, for 75,000 square metres of land to produce pipe lining.
You might also like...
UAE bank asset quality hinges on property market
03 April 2026
Safety and security matters
03 April 2026
Saudi forecast remains one of growth
03 April 2026
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.
