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The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed nine substantial contracts with the private sector worth over USD 266 mln as part of its efforts to significantly boost the development of industrial cities across the kingdom.
The new projects include infrastructure development works for the initial phase in the third industrial city in Jeddah and another for the initial phase of second industrial city in Makkah, along with allocating 4.3 mln sq m of land for investment to enhance its investment system, in line with the expectations of local and international investors.
A contract was also signed to develop the infrastructure in the third industrial city in Dammam and allocate 2.5 mln sq m of land to meet the growing demand for industrial investment in the Eastern Province.
Modon also sealed a deal to establish 132 kV overhead lines in the industrial city of Tabuk, with a capacity of 100 MVA, and another contract for the establishment of 115 kV overhead lines in the industrial city of Hafar Al-Batin, also with a capacity of 100 MVA, to improve operational efficiency and fulfil the electrical energy requirements of industrial investors.