| 02 Sep 2010 |
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Deal signed for industrial city in Taif
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RIYADH: In a move to boost the process of industrialization and to cope with the growing demand for industrial lands across the country, Saudi Arabia has set up a new industrial city in Taif covering an area of 11 million square meters with all necessary facilities. This was announced by Tawfig Fawzan Alrabiah, director general of the Saudi Industrial Property AuthoritySaudi Industrial Property Authority
(ModonModon), here on Wednesday."ModonModon has signed contracts to build the infrastructure of the Taif Industrial City," which is being set up as part of the new industrial strategy outlined by Custodian of the Two Holy Mosques King Abdullah," said Alrabiah.
Alrabiah said that Taif Industrial City would offer more lands for new business entities as the demand for plots of land may exceed 1,000 plots by the end of this year.
ModonModon
plans to provide integrated services in different industrial cities of the Kingdom with a view to ensuring sustainable investment opportunities that will also help create jobs for citizens. Alrabiah called on the businessmen to apply for obtaining industrial lands and become acquainted with the investment opportunities. To this end, the ModonModon chief noted that the authority was experiencing increased growth in the demand for industrial lands in all over the Kingdom.More than 500 plots of lands, he said, were allocated in year 2008 and the number increased to 800 plots of land in 2009. The Taif Industrial City will be newest among the five new industrial cities that were set up during the last two years in Jeddah, Jazan, Arar and Al-Kharj. Taif Industrial City will also create job opportunities for citizens in the region and will provide better and accessible environment for investments, said the ModonModon chief.
ModonModon
is currently overseeing the operation of 18 existing industrial cities in different regions of Saudi Arabia. They include two industrial cities in Riyadh, two in Jeddah, two in Dammam, and one each in Ahsa, Madinah, Assir, Jouf, Tabuk, Hail, Najran, Kharj, Jazan, Arar. This is in addition to Sudair City for Industry and Business near Riyadh, which was inaugurated recently.By GHAZANFAR ALI KHAN
© Arab News 2010
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