23 new factories to be built in Saudi Arabia says Modon
Move is part of Modon’s strategy to empower industry and contribute to increasing local content
23 new factories that will produce solar energy panels and systems, among other components, will begin to take shape in the country, according to the Saudi Authority for Industrial Cities and Technology Zones (Modon).
According to a statement, these plants will be spread over an area of 360,000sqm in 12 industrial cities, including Riyadh 2nd Industrial City; Sudair City for Industry and Businesses; Al-Kharj Industrial City; Dammam 2nd and 3rd industrial cities; Jeddah 1st, 2nd and 3rd industrial cities; Al-Madinah Industrial City; Al-Baha Industrial City; and the two incubators in private industrial cities that are under the supervision of Modon.
The move, which is aimed at attracting and supporting qualitative industries with suitable products, is said to be part of Modon’s strategy to empower industry and contribute to increasing the local content.
CEO Engineer Khalid Bin Mohammed Al Salem said Modon works on supporting the renewable energy sector through empowering supply chains and localising its main components. He noted, “We seek to attract relevant industrial investments that contribute to realising Saudi Vision 2030 target of reaching the perfect energy mix in the Kingdom.”
According to Al Salem, these endeavours are also part of Modon’s tasks under the National Industrial Development and Logistics Program (NIDLP) in cooperation with its partners in the public and private sectors to establish the best environment to transfer and localise knowledge in industrial cities.
He concluded, “The top products being manufactured at these factories include solar cells, slim panels for generating solar energy, solar energy panels, solar energy systems, indoor and outdoor lighting units, systems for charging batteries of photovoltaic and solar energy for lighting, current convertors, data display monitors, metal tripods for generating solar energy and other products that support the supply chains of the renewable energy sector.”
