Eastern Province is the most important strategic investment in the Kingdom
His Excellency Mr. Abdullah Ahmed Zainal, Minister of Commerce and Industry and Chairman of the Board of Directors of MODON, signed a contract worth SR 250 million riyals to develop Dammam 3rd. Industrial City in the presence of the Director General of MODON, Dr. Tawfig Bin Fawzan Alrabiah. The area of the industrial city is forty-eight million square meters and is located south of Dammam on Abqaiq road, 25 km away from the Dammam 2nd. Industrial City. The Director General of MODON Dr. Tawfig Alrabiah said that this contract is the first contract of a series of contracts for the development of the industrial city. The development project includes roads and sidewalks network, lighting and electricity network, floods drainage network and provision of service lines.
The execution period of the project is 24 months, while during the development phase; the investors can apply for land through MODON website. Land will be allocated within eight months.
During the next month, the electricity transfer station project with a capacity of 380 KW will be awarded in Dammam 3.
Currently, there are about three hundred requests for obtaining industrial lands in Dammam 3. Dammam 3rd. Industrial City is characterized with a unique design in accordance with the highest international standards. Supporting areas of large plots have been allocated for residential, commercial and logistical projects. The City will include areas for the following industries: petroleum, metal, plastic, food, vehicles, building materials and other projects.
It is worth mentioning that MODON oversees three industrial cities in the Eastern Province to include Dammam 1st., Dammam 2nd. and Al-Ahsa on an area as indicated in the following table:
Description | Dammam 1st. | Dammam 2nd. | Al-Ahsa |
Area (Square meters) | 1,943,926 | 24,858,300 | 1,500,000 |
No. of Factories | 80 | 776 | 75 |
No. of workforce | 20,000 | 75,000 | 5,000 |
In addition to that, a development project has been tendered for the development of Hafr Al-Batin Industrial City.
The industrial sector in the Eastern Province is considered to be the most important strategic investment in the Kingdom of Saudi Arabia where these industries provide investment opportunities in the conversion industries and open employment chances for qualified Saudi cadres and ultimately increase the Kingdom's exports.
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© Press Release 2011
