Saudi ‘MODON’ Chief: Work is Underway to Raise Rate of Women Investors to 20%

Saudi ‘MODON’ Chief: Work is Underway to Raise Rate of Women Investors to 20%

Saudi Arabia is working to empower women investors in the industrial sector, Asharq Al-Awsat

Saudi Industrial Property Authority (MODON) Director-General Khalid Al-Salem has reaffirmed the Kingdom's commitment to developing smart industrial cities that meet the needs of both national and foreign investors.

Today, the size of developed industrial lands in Saudi Arabia exceeds 198.8 million square meters. MODON has ensured that operations and management of industrial cities in the Kingdom are run according to the highest international standards.

In an interview with Asharq Al-Awsat, Al-Salem revealed that Saudi Arabia has successfully attracted over 4,000 industrial contracts that encompass different sectors and involve more than SR367 billion ($98 billion).

He also noted that recently signed agreements helped attract Chinese quality industries to the Kingdom.

Speaking about the role played by women in developing national industries, Al-Salem acknowledged that it was vital.

He noted that the number of Saudi women working in the industrial cities overseen by MODON had increased by nearly 120% to reach 17,000 female workers by the end of Q1 2020. This is a significant hike from the 7,860-figure recorded in 2018.

Saudi women are finding more employment as private and government bodies strive to reach qualified women across the Kingdom's economic sectors.

As for Saudi women