Modon initiates plan for female industrial city
Saudi's first women-only industrial complex gets underway in the East
Modon, Saudi Industrial Property Authority, has initiated works for the planning and development of the first industrial city restricted only to women, and is targeting female investors.
Prince Mansour bin Miteb, the minister for municipal and rural affairs, has already allocated land for the first women-only industrial city in the Eastern Province city of Hofuf, near Al Ahsa Airport.
“We are now working on a second industrial city for women,” said Saleh Al Rasheed, acting director general of Modon. “We have plans to establish a number of women-only industries in various parts of the Kingdom.”
The development of the city aims to highlight the ability of Saudi women to engage in various industrial activities, and to tap their energy to boost national development.
“I am sure that women can demonstrate their efficiency in many light and clean industrial sectors that suit their interests, nature and capabilities,” said Al Rasheed.
Saudi’s existing industrial cities already include factories owned by women as well as companies with some production lines set aside for women.
Modon currently supervises 29 cities, and has set targets to grow this to 40 within the next five years, bringing the total developed area to 16,000 hectares.
Modon has most recently concluded contracts worth on two projects to develop the road infrastructure of Qassim Second Industrial City.
In a related development, the Industrial Development Fund has approved 14 loans worth $770m to establish nine new industrial projects and expand five existing industries.