Modon signs deal with GE on industrial complex

Modon signs deal with GE on industrial complex

Saudi Authority for Industrial Cities and Technology Zones (Modon) and General Electric (GE) Saudi Arabia have signed an agreement whereby GE factories spread over 120,000 sq m in the Eastern Region will come under Modon supervision, a report said.

Eng Majed Al-Argoubi, Modon CEO, and Hisham Al-Bahkali, President of General Electric (GE) Saudi Arabia, signed the agreement, said the Saudi Press Agency report.

Under the above agreement, Modon says initiatives will be launched to support and empower entrepreneurs and SMEs, in line with the National Industry Strategy. It also aims to diversify the national economy, in line with the Saudi Vision 2030.

Modon is also keen to boost its partnerships with major global manufacturers and companies, to contribute to supporting the Saudi industry with advanced technologies and to enhancing its competitiveness in regional and international markets, it said.

Modon supervises 18 private industrial complexes and cities in Saudi Arabia. It has created an industrial environment that stimulates the growth of investment activities, supported by all industrial services and products, and offers logistical and technical solutions that are consistent with global best practices in this field.

Through its strategy to empower industry and contribute to increasing local contribution, Modon seeks to help the private sector contribute