Established in 2001, the Saudi Industrial Property Authority (MODON) is responsible for the development of industrial cities with integrated infrastructure and services. Whereas MODON has established industrial cities in various regions of the Kingdom, it is currently overseeing 35 existing and underdevelopment cities which include: Riyadh (1st., 2nd. & 3rd.), Jeddah (1st., 2nd. & 3rd.), Dammam (1st., 2nd. & 3rd.), Makkah, Qassim (1st. & 2nd.), Al-Ahsa (1st. & 2nd.), Madina Al-Munawwara, Al-Kharj, Sudair, Al-Zulfi, Shaqraa, Durma, Ha’il, Tabuk, Ar'ar, Al-Jouf, Assir, Jazan, Najran, Al-Baha (1st. & 2nd.), Hafr Al-Batin and Wa’ad Al-Shamaal; in addition to MODON Oases in Al-Ahsa, Jeddah, Al-Qassim, Al-Jouf an Yanbu
MODON is also responsible for creating the ideal environment for growth and development of technology zones in the Kingdom of Saudi Arabia, where MODON is currently overseeing two technology zones and is seeking to earmark further zones towards acquiring the latest technological investments.
Private industrial cities, with the highest global standards and specifications, are under direct MODON supervision. Currently, MODON oversees six private industrial cities and is about to oversee more private industrial cities.
MODON also provides several economic advantages and attracting incentives for industrial, technical, service, residential and commercial projects; as competitive annual rent of developed industrial land in some cities prices is just one riyal per square meter. Industrial investors also find attractive financing opportunities offered by government financing funds and banks to lend to industrial projects, as well as other facilities to support exports by providing export guarantee and Customs exemption for imports of raw materials and machinery.
MODON has achieved extra clear and tangible leaps in terms of gated communities and building projects, Ready-built factories being one of those, which strengthened its plans and drew strategic objectives in the implementation of projects. MODON also witnessed one of the most successful indicators of projects, initiatives and programs.
