MODON offers $3.7 million investment for 15 Tabuk factories
Saudi Industrial Authority MODON launched an investment package worth $3.7 million to develop 15 ready-built factories in Tabuk, targeting a 10% return.
The Saudi Authority for Industrial Cities and Technology Zones announced an investment opportunity valued at SR14 million or approximately $3.7 million. This deal focuses on developing and operating 15 ready-built factories within Tabuk Industrial City. The entire project occupies 15,000 square meters. Developers expect an internal rate of return of at least 10 percent. Current data shows strong local interest; more than 45 applications were submitted over the last three years. The industrial city currently operates eight ready-built units at full capacity. Officials state the initiative aims to boost industrial activity capacity and utilize existing integrated infrastructure. This effort supports partnerships between MODON and private investors to grow the regional industrial sector.
