Asir’s first industrial city exceeds 95% occcupancy, boosts Saudi Arabia’s investment plans

Asir’s first industrial city exceeds 95% occcupancy, boosts Saudi Arabia’s investment plans

Riyadh: The first industrial city in Asir, managed by the Saudi Authority for Industrial Cities and Technology Zones (MODON), has reached an occupancy rate of over 95% by the end of 2023, according to a press release from MODON.

This accomplishment aligns with MODON's investment strategy, aimed at attracting high-value industries and foreign investments. It underscores MODON's commitment to creating a conducive investment environment that meets investors' aspirations and strengthens industrial development in the Kingdom, said the release. Such efforts are part of the National Industrial Development and Logistics Program (NIDLP) initiatives entrusted to MODON.

Spanning an area of 2.7 million square meters, Asir Industrial City stands out with its comprehensive range of industrial services, diverse product offerings, and integrated development plans. It has become the preferred destination for both national and international companies to launch their projects, according to the release. With 178 industrial, investment, and logistics contracts in place, the city has attracted investments amounting to SAR2 billion and employs a workforce of 31,106 individuals.

The industrial sector in Asir plays a pivotal role in the region's transformation strategy known as "Qimam and Shem", aimed at establishing Asir as a global tourist destination. The sector encompasses a wide range of high-demand