Saudi Authority for Industrial Cities and Technology Zones (Modon
) has announced that 23 new factories involved in the manufacture of solar energy panels and systems, among others, will be coming up across the kingdom.
These plants will be spread over a 360,000 sq m area in 12 industrial cities, including Riyadh 2nd Industrial City; Sudair City for Industry and Businesses; Al-Kharj Industrial City; Dammam 2nd and 3rd industrial cities; Jeddah 1st, 2nd and 3rd industrial cities; Al-Madinah Industrial City; Al-Baha Industrial City; and the two incubators in private industrial cities that are under the supervision of Modon, said a statement from the company.
The move, which is aimed at attracting and supporting qualitative industries with suitable products, come as part of Modon's strategy to empower industry and contribute to increasing the local content, it stated.
CEO Engineer Khalid Bin Mohammed Al Salem said Modon works on supporting the renewable energy sector through empowering supply chains and localizing its main components.
"We seek to attract relevant industrial investments that contribute to realising Saudi Vision 2030 target of reaching the perfect energy mix in the kingdom," stated Al Salem.
According to him, these endeavours are also part of Modon's tasks under the National Industrial Development and Logistics Program (NIDLP) in cooperation with its partners in the public and private sectors to establish the best environment to transfer and localise knowledge in industrial cities.
"The top products being manufactured at these factories include solar cells, slim panels for generating solar energy, solar energy panels, solar energy systems, indoor and outdoor lighting units, systems for charging batteries of photovoltaic and solar energy for lighting, current convertors, data display monitors, metal tripods for generating solar energy and other products that support the supply chains of the renewable energy sector," he added.-TradeArabia News Service
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