Deal to establish industrial complexes in Makkah and Al Kharj with investments over SAR 2bn
In the presence of the Minister of Industry and Mineral Resources, HE Bandar Ibrahim Alkhorayef, the Saudi Authority for Industrial Cities and Technology Zones (MODON) concluded two agreements for the establishment of two industrial complexes within the two industrial cities, the Second Industrial City in Makkah and Al Kharj, with investments exceeding SAR 2bn.
The two contracts were signed by MODON’s CEO, Eng. Majid AlArqoobi and ALBADDAD Saudi Holding’s CEO Zayed Bin Hussein Albaddad in the presence of Dr. Alfateen Bin Hussein Albaddad, Chairman, ALBADDAD Saudi Holding.
The industrial complex in the Second Industrial City of Makkah, which spans over 1.3mn sqm, aims to invest SAR 1.75bn in a range of promising, specialized industries, employing the highest manufacturing technologies in its production lines.
Job opportunities
It will also feature the construction of prefabricated and ready-made buildings, contributing to the creation of 5,000 job opportunities. The complex is expected to boost national exports, directing up to 60% of its output to African, European, and American markets, as well as to Syria, Lebanon, Jordan, and Iraq, according to a press release.
Alongside this, MODON is launching several development projects in the Second Industrial City of Makkah, covering an area of over 4.3mn sqm. These projects aim to establish a fully integrated infrastructure, strengthened by essential services and innovative products.
The industrial complex in the Industrial City of Al Kharj, spanning over 307,000sqm with an investment volume of SAR 375mn, will provide around 1,000 job opportunities. These jobs will support construction projects, as well as the sports, culture, and entertainment exhibition and event industries.
