Modon attracts 40 international industrial firms, says official

The Saudi Industrial Property Authority (Modon) has attracted over 40 international industrial companies, as well as many value-adding investments to the Saudi industry, Al-Eqtisadiah newspaper reported, citing Bandar Al Toaimi, Modon’s marketing manager.

Modon was able to attract large firms such as GE, Schlumberger, Mitsubishi, S. Korea’s S&T Corporation, Amazon, 3M, TEDA, Tarinasolar, MHPS, Goldwind and Japan’s Isuzu, as well as Siemens, ABB and other international industrial companies, he said.

The authority has built strategic partnerships with national public and private companies such as Saudi Aramco, SABIC, Tasnee and Maaden, among others, he added.