Second industrial city planned for Saudi’s Aseer region
- Date: 03-Jan-2024
- Source: AGBI
- Sector:Industrial
- Country:Saudi Arabia
Second industrial city planned for Saudi’s Aseer region
Work has started on a second industrial city in the Aseer region of Saudi Arabia after the first attracted investments of more than SR2 billion ($533 million). The development is being implemented by the Saudi Authority for Industrial Cities and Technology Zones (Modon) and the Aseer Region Development Authority. The Second Aseer Industrial City covers […]
17.3m sq m development
Target of 2.1m jobs in sector
Area is kingdom’s ‘rising star’
Work has started on a second industrial city in the Aseer region of Saudi Arabia after the first attracted investments of more than SR2 billion ($533 million).
The development is being implemented by the Saudi Authority for Industrial Cities and Technology Zones (Modon) and the Aseer Region Development Authority.
The Second Aseer Industrial City covers an area of 17.3 million square metres and aims to support the National Industrial Strategy’s goals, including tripling industry’s GDP contribution to SAR895 billion ($239 billion) and increasing industrial exports to SAR557 billion ($149 billion).
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The project will focus on 11 industrial sub-sectors including food, medicine, pharmaceuticals, wood and furniture, clothing and textiles, and metals.
The first