Saudi's MODON allocates land for 33,433m2 factory in Madinah
The Preventive Industrial Excellence Company will establish the medical factory in the industrial city of Madinah
Saudi Arabia’s Deputy Minister of Industry and Mineral Resources Eng Osama bin Abdulaziz Al-Zamil has revealed that the government-run Saudi Authority for Industrial Cities and Technology Zones (MODON) has inked a deal to allocate land for a medical factory in the industrial city of Madinah.
The Preventive Industrial Excellence Company will establish the medical factory on an area of 33,433m2 in Madinah.
The initiative is in line with MODON’s strategy to enable the industry and contribute to increasing the development of local content, according to the state-run Saudi Press Agency.
Commenting on the deal, the founder and general manager of the Preventive Industrial Excellence Company, Dr Khaled Karash, said that industrial projects in the kingdom enjoy the support of the Ministry of Industry and Mineral Resources.
In addition, Karash praised the role of MODON in providing the right industrial ecosystem through integrated infrastructure and electronic services for partners.
The Deputy Minister of Industry and Mineral Resources also launched a 9,600m2 factory for medical plastic products in the industrial city of Jeddah.
MODON oversees 35 existing industrial cities, including projects under development in various regions of the kingdom.
It also supervises private industrial complexes and cities, including developed industrial lands exceeding 198.8km2 and more than 3,500 factories.