Thursday,8 August 2014

MODON injects more funds into industrial city

MODON injects more funds into industrial city
Saudi Industrial Property Authority (MODON) has awarded a contract to a national company for the construction of 110-KV ground transmission lines aimed to link substations in Jeddah’s second industrial city, Saudi Press Agency reported.

The contract, to be carried out in 29-months and worth SR49 million, was signed by Minister of Commerce and Industry and Modon Board Chairman Tawfiq Al-Rabiah in the presence of MODON Director General Salih Al-Rashid and other senior officials.

Al-Rashid said the second industrial city is witnessing the completion of infrastructure projects at a cost of SR108 million. Due to the growing demand on industrial lands in Jeddah, Modon has managed to raise the number of industrial cities in the city to four instead of one, he said.

He said Jeddah's second industrial city has gained enormous turnout by industrial investors for its strategic position and proximity to Jeddah Islamic Port (JIP).

The second industrial city in Jeddah is considered one of the biggest growing industrial cities in the Kingdom, and the number of factories and support service projects are expected to hit 400 projects with investments exceeding SR25 billion by the end of the current year, he was quoted as saying. Jeddah’s second industrial city was established in 2009 and located 35 km away from the first industrial city. 

It occupies an area of 8 million square meters and has all infrastructure facilities such as roads, power, water and telecom networks, industrial safety, and sewage services.

The city embraces more than 353 productive or under construction industrial projects covering a variety of activities, notably chemical, plastic, food and metal industries.(Source: Arab News – 22 April 2014)