Plan to develop over 90 ready-made factories in Jeddah
Arabian Dyar Real Estate Development Company has signed a strategic partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to develop and construct ready-made factories in Jeddah, advancing its expansion into Saudi Arabia’s industrial and logistics sectors.
The agreement was signed on behalf of Arabian Dyar by Anis Alhabshi, Deputy CEO, and on behalf of MODON by Abdulilah Alhaddab, Deputy CEO for Finance and Business Development, at MODON’s headquarters in Riyadh.
The signing ceremony was held in the presence of Eng. Majed bin Rafed Alargoubi, CEO of MODON, and Naif Bin Sajdi Alatawi, CEO, Arabian Dyar.
Ready made factories
Under the agreement, over 90 ready-made factories will be developed and constructed within MODON’s Fourth Industrial Oasis in Jeddah, representing investments exceeding SAR 142 million (US$ 38mn) and spanning over 109,000sqm.
“Through this collaboration, we are enabling entrepreneurs and SMEs to accelerate their growth and contribute meaningfully to the Kingdom’s economic future,” commented Alatawi.
“The ready-made factory model aligns with our vision of agile, future-ready development. By combining MODON’s industrial leadership with Arabian Dyar’s development expertise, we are building not just factories, but platforms for innovation, productivity, and prosperity,” added Alhabshi.
