The tax breaks will cover the existing industrial cities at Hail, Najran and Al-Jouf, which cover more than 30 square kilometres. Modon is also supervising the development of a further 19 industrial cities in the kingdom.

According to Tawfig al-Rabiah, director general of Modon, a range of incentives for domestic investment has also been passed by the kingdom’s Council of Ministers. These include paying 75 per cent of Saudis salaries for five years, the provision of loans from the industrial fund, up to 75 per cent of the total funding and the state to bear 25 per cent of the electricity cost.

Al-Rabiah recently announced the signing for two further industrial cities at Jizan, measuring 39 sq km and Arar, which covers 2 sq km.