2nd industrial city in Jeddah to open today
Jeddah, March 14, 2012
The second industrial city in Jeddah developed by the Saudi Industrial Property Authority (Modon) will be opened today (March 14), a report said.
Makkah Governor Prince Khaled Al-Faisal will open the city and also lay the foundation stone for the third one, also developed by Modon, said the report in Arab News.
The two cities were developed on an area of eight million sq m in the district of Al-Khomrah, 35 km to the south of Jeddah, the report said.
'Modon has invested about SR2 billion ($533 million) to establish industrial cities in the Makkah province,' Abdul Elah bin Musheet, director of the authority in the Western region, was quoted as saying in the report.
Musheet added that Modon is currently developing 33 million sq m of land in Jeddah, including eight million square meters for the second industrial city, 20 million sq m for the third industrial city and five million sq m for the fourth one, the report said.
'There are 546 industries in Jeddah including 505 that have reached production stage,' Musheet said.
More Industry, Logistics & Shipping Stories
- DP World extends maturity date on $1bn loan
- HK apparel group inks tenancy deal with BIO
- DHL wins ‘best employer' award
- Drydocks to host top shipping forum in Dubai
- DHL holds family fun day
- DMCA begins issuing marine driver’s licence
- RSA-Talke to set up storage facility in Dubai
- Sipchem unit secures loan for new project
- Alba names power station director
- Bahrain to set up new building materials firm