The Latest Breaking News from MODON

The Saudi Authority for Industrial Estates and Technology Zones (MODON) received an accreditation certificate from the European Foundation for Quality Management (EFQM), for the four-star category, for applying quality and institutional excellence concepts. MODON is working to create the appropriate infrastructure to encourage local and international factories to access the…

The CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), Eng.

Saudi Arabia is boosting its food security by allocating industrial land of ​​more than 25,000 square meters in the second industrial city in Jeddah to the largest international meat company. The Saudi Authority for Industrial Cities and Technology Zones (Modon) signed a privatization contract with Seara Arabian for Food Industries,…

Fifty-eight factories under the Saudi Authority for Industrial and Technology Zones (Modon) have passed the global Smart Industry Readiness Index (SIRI) that measures the level of facilities created to back the Fourth Industrial Revolution. Saudi Arabia is moving towards harnessing the technologies of the Fourth Industrial Revolution, such as artificial…

In a move that aims to promote the inclusion of women and young businessmen in the industrial sector, Saudi Arabia has prepared nearly 78 ready-made factories in Sudair City for Industries and Business (north of Riyadh), to be used by SMEs and small entrepreneurs. Eng. Osama Al-Zamil, CEO of the…

The Saudi industrial zones managed to attract local and international investments with areas exceeding half a million square meters, after launching a package of products aimed at creating unique opportunities, providing assistance and stimulating programs for investors. A recent report issued by the Saudi Authority for Industrial Cities and Technology…

Saudi industrial cities are witnessing tangible progress to become the preferred investment destination. During the past year, the Saudi Authority for Industrial Cities and Technology Zones (Modon) updated its strategy in line with Vision 2030. The strategy seeks to place Modon as the best investment destination through several initiatives to…

The Saudi Authority for Industrial Cities and Technology Zones (MODON) has launched a program to support small and medium-sized enterprises in the field of innovation, with the aim of developing the industry sector in the Kingdom. The joint program was launched in cooperation with the King Abdullah University of Science…

Fitch Ratings revised on Thursday the outlook for Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from “stable” to “positive”, while affirming the rating at "A". The Kingdom's rating reflects improvements in the sovereign balance sheet due to higher oil revenues and commitment to fiscal consolidation. The global ratings agency…