RIYADH: Minister of Industry and Mineral Resources and Chairman of the Board of the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, Bandar Alkhorayef, launched capital projects valued at approximately SR3 billion ($810 million), covering infrastructure, water, electricity, and ready-built factories.
He also oversaw the signing of several supporting industrial contracts in Sudair City for Industry and Businesses in the presence of MODON's CEO, Majed Al-Argoubi.
The announcement came during the minister’s visit to Sudair City for Industry and Businesses, where he inaugurated a number of infrastructure development projects worth SR1.8 billion.
These included upgrades to road networks and water and sewage systems, construction of a 12,500-cubic-meter water reservoir, and the launch of the fourth phase of infrastructure development, covering 6 million sq. meters.
The visit also included a review of the construction of a 200 megavolt-amperes electrical substation, as well as a project to build 44 ready-built factories to enhance the city’s readiness to attract industrial investment and improve services for entrepreneurs.
