The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed 10,300 investment contracts in 2020, Argaam reported.

The investment contracts were aimed to encourage the manufacturing sector and promote Saudi goods. The investments will also help create jobs in different industrial sectors in the Kingdom.

MODON supervises the industrial complexes and cities developed by the private sector in the Kingdom.

It aims to cultivate an intelligent and technological environment that enables the industry to contribute to the national economic development.

Saudi Arabia’s industrial sector is undergoing fundamental changes with the aim of achieving the aspirations and objectives of Vision 2030, which include more participation by women in the development process, as well as creating more opportunities in such a vital sector.

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