RIYADH: Under the auspices of and in the presence of His Excellency the Minister of Energy, Industry and Mineral Resources, Eng. Khalid bin Abdulaziz Al-Falih, the Saudi Industrial Property Authority (MODON) launched its new identity and strategy for the coming period during a special ceremony held on Sunday 27th Muharram 1440 H.D., corresponding to the 7th October 2018, at the Ritz Carlton Hotel in Riyadh, which was attended by a number of other Excellences, senior officials and industrialists and a group of media representatives.
During the launch ceremony, HE Minister Khalid Al-Falih welcomed the attendees and stressed that the launch of MODON’s new strategy and identity represents an important step and initiative towards the enhancement of its responsibility as one of the national industry’s pillars of empowerment and as a supporter of the state’s continuous plans to improve the industrial sector and to diversify national income resources, enabling the Kingdom to provide employment opportunities for young Saudis and more services and products in accordance with a new vision that calls for innovative solutions and smoother transactions to meet the requirements of the industrial sector and achieve the desired objectives for its development and efficiently contribute to the National Transform Program 2020 and the realization of the Kingdom's Vision 2030.
“The new strategy and identity of MODON is in line with the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and HRH Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, First Deputy Prime Minister and Minister of Defense, and conveys their keenness for the local manufacturing sector to lead Saudi industry to prosperity,” stated Minister Khalid Al-Falih
His Excellency went on to say that the great efforts exerted by MODON, along with various other government entities, in recent years have contributed significantly to the remarkable demand the Kingdom is witnessing today in industrial investment. The Minister pointed out MODON’s success in marketing, highlighting the advantages and incentives that characterize its industrial cities, which lead to attracting leading global companies in the industrial field, resulting in international investments that add value to the Saudi market, as well as making significant progress in the field of internal partnerships. To date, more than SAR 500 billion has been invested in 6,271 industrial, services and logistics contracts.
Eng. Khalid bin Mohammad Al-Salim, General Director of the Saudi Industrial Property Authority MODON, extended his appreciation to H.E. the Minister, the other Excellences and the senior officials for attending the launch ceremony. He pointed out the new identity represents all the values that MODON aspires to achieve and its constant efforts to provide the best and latest services and develop the existing ones, supporting a new advanced phase of working at the service of MODON partners and realizing their ambitions.
In his speech, Eng. Khalid Al-Salim stated: “Saudi Arabia is witnessing rapid developmental changes in various sectors, especially in economic aspects, based on its orientation to implement the objectives of the National Transition Program 2020 and realizing Vision 2030, which is part of our government’s efforts led by the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, to achieve prosperity, stability and sustainability, and to chart clear paths for comprehensive development and raise the efficiency of the national economy by sponsoring, providing and facilitating everything that will advance the industrial sector and the creation of favorable conditions for its growth.”
Eng. Al-Salim concluded his speech by thanking all MODON staff for their dedication and sincere work, which makes devotion to the national interests a prominent feature of MODON, and wished them all success in the next phase.
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About MODON
Since its inauguration in 2001, the Saudi Industrial Property Authority (MODON) is responsible for the development of industrial cities with integrated infrastructure and services. MODON has established industrial cities in various regions of the Kingdom and is currently overseeing 35 existing cities and others under development in different regions of the Kingdom, in addition to the supervision of private industrial cities. To date, developed industrial land has exceeded 196.2 million square meters. The existing industrial cities include 3,380 productive factories and 6,271 industrial, service and logistic contracts with a work force that exceeds 500,000 employees.
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