Latest news with #industrialcities
Zawya
3 days ago
- Business
- Zawya
Saudi: Industrial cities in Qassim operate at 77% capacity
BURAIDAH — Deputy Minister of Industry and Mineral Resources for Industry Affairs Eng. Khalil bin Salamah has revealed that industrial cities in Qassim operate at 77% capacity, which is a healthy rate and evidence of the existence of a stimulating environment. There are a total of 158 factories in Qassim's industrial cities. The value of industrial investments in the region during the first quarter of 2025 amounts to SR700 million, with Buraidah owning the largest share. Bin Salamah made the remarks during a meeting organized by Qassim Chamber of Commerce, which brought together investors in the region's industrial sector to highlight key ministerial services and programs and discuss the sector's aspirations for continued development and investment growth. The meeting was held at the chamber's headquarters in Buraidah. The meeting addressed a number of topics related to the industrial sector, including standard incentives for the sector, which enhance the competitiveness and sustainability of the industrial sector in Saudi Arabia. The meeting also discussed the environment of industrial facilities and presented solutions to help raise efficiency and quality. It also included a review of the Future Factories Program, an introduction to it, and the process of converting these factories to adopt modern manufacturing practices, automation, and digitalization, which directly contributes to the development of the industrial sector in Saudi Arabia in general. The meeting also included a review of the "Industry Links" program of the General Administration of Localization and Local Content, which connects manufacturers with major projects to achieve the goals of the national strategy for increasing local content. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
12-05-2025
- Business
- Zawya
Saudi Modon reports surge in 2024 investment
The Saudi Authority for Industrial Cities and Technology zones (Modon) has reported one of its best years in 2024, with incoming investments surging by nearly 38 percent. The Authority said in its annual report released last week that total investments received by its industrial cities in 2024 reached around 24 billion Saudi riyals ($6.5 billion). The new capital boosted the total investments in Modon's 39 industrial and technology zones in the Gulf Kingdom to around SAR440 billion ($117 billion), the report said. Companies and factories in these zones peaked at around 8,616 at the end of 2024 while jobs provided by the cities exceeded 593,000. 'The combined developed areas in these cities also increased by around 7 percent last year to reach nearly 219 million square metres,' the report said, adding that the Authority finalised 875 new industrial, logistics and investment contracts last year. (Writing by Nadim Kawach; Editing by Anoop Menon) (
