Saudi Industrial Property Authority (MODON) signed 5 land allocation contracts for investment projects with total cost reaching SR420 million in Dammam 2nd industrial city. Dr. Tawfig Bin Fawzan Alrabiah, MODON director general, signed on Tuesday the contracts, in the presence of corporate directors. The first contract signed with the Saudi German Plastics Manufacturing Company valued at SR176 million will produce twisting plastic pipes for sanitation, disposal of floods and protection of cables. The project covers an area of 21,000 square meters. The second contract signed with Al-Mutlaq Service and Manufacturing Co. Ltd, covering 26,000 square meters in land area and valued at SR80 million, will produce auto parts such as radiators and clutches. The third contract was signed with Teikyo Middle East Electricity and Equipment Co. Factory. Valued at SR60 million, the project which covers an area of 33,750 square meters, the plant will produce medium and low pressure electric rotary motors with an annual production capacity estimated at 200 units. The fourth contract was signed with Vital Chemicals Factory. The project to be implemented on an area of 43,350 square meters and valued at SR54.3 million, will manufacture vital laboratory materials with production capacity estimated at 3,300 tons annually. The fifth contract was signed with Arab Company Factory for Pipe Projects, and occupies an area of 75,000 square meters. Valued at SR 47.3 million, the factory will produce pipes lining with production capacity of one million square meters. Alrabiah said these factories in the industrial city shall provide job opportunities for Saudis. MODON also aimed at making the industrial cities distinguished in terms of its services and proactive environment. The industrial cities offer many investment opportunities such as in hotels, gas stations, banking services, technology centers and colleges, building of refrigeration warehouses and in information technology (IT), among others. He pointed out that lands are available for investment at the existing industrial cities in Hail, Tabuk, Madinah, Assir, Najran and Al-Jauf. Interested investors can request for more information electronically by visiting MODON website: www.modon.gov.sa. He further said:” The larger goal of MODON lies in making Saudi industry capable of competing locally and globally … where it adopted and approved projects for providing advanced communication services (smart cities), rehabilitation of infrastructure, privatization of water services and industrial security.” “In the last three months, contracts to develop new industrial cities in Jeddah, Al-Kharj, Jizan and Ar'ar were signed,” he added. Plans are afoot to prepare the tender for development over the next year of Sudair, Duba', Zulfi, Taif, Baha and Gurayyat to new industrial cities.
