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The Saudi Authority for Industrial Cities and Technology Zone (Modon), has signed an agreement with Saudi Binladin Group, the largest construction company in the kingdom to develop an industrial city that will come up over an area of 5 million sq m, reported Arab News citing a top official.
The city located in Bahrah, a town in Makkah province, is a step to empower the industry and increase the local economic activity in GDP terms by 65 per cent, in line with the Saudi Vision 2030, said CEO of Modon, Khalid M Al Salem.
Modon was established in 2001 to develop industrial lands with integrated services. It oversees 36 industrial cities that exist or are under development in Saudi Arabia.