MODON


Introduction:
In 2001, the Government of Saudi Arabia established MODON under a Royal Decree issued specifically to create a responsible entity for industrial cities and technology zones. MODON's role is to establish, develop and supervise industrial cities within the Kingdom of Saudi Arabia.

Vision:
To develop and operate fully serviced industrial cities and technology zones across the Kingdom.

Mission:
To build, develop and operate industrial cities and technology zones in partnership with the private sector in order to provide comprehensive services for investors whilst developing the local society and preserving the environment in the process.

Our Values:
- Excellence: We pursue excellence and innovation in every task we undertake.
- Client Services: We strive to present our customers with their needs and exceed their expectations with our services
- Integrity: We adhere to complete fairness and the highest ethical values in our practices.
- Teamwork: We strongly believe that working together, hand in hand, will lead to succeed in our endeavors.
- Trust: We bestow full trust in those we give responsibilities, and believe in transparency with our clients and employees.
- Environment and safety: We apply the highest standards of safety, the protection of the environment and our employees.

Industrial Land Growth:

MODON has witnessed a remarkable development in the growth of the number and area of the industrial cities. The following table shows the periods of growth, reflecting the growing demand of the businessmen to invest in the industrial cities that belong to MODON:

MODON has increased the number of industrial cities from 14 cities in 2007 to be 34 cities in 2015, and increasing the area of the industrial land from 42.4 million square meters in 2007 to be 160 million square meters in 2015. This development made by MODON in the establishment of new cities, expansion and rehabilitation of existing cities to meet the growing and expected demand on the industrial land. Within three years only, the number of factories in the industrial cities has been doubled in MODON. Plus, the average number of lands rented by MODON for the industrial projects is more than 600 lots each year, and the number is expected to reach to 1000 lots each year, attracting the private sector to provide services and integrated utilities using BOT system with international standards to gain access to global competitiveness. MODON strives to nationalize industry, attract technology and achieve the national strategy of industry to make the industry the strategic choice to diversify sources of income as directed by the Government of the Kingdom of Saudi Arabia.

Why to invest in the industrial cities?

Saudi Industrial Property Authority offers several investment opportunities in industrial, commercial, service and residential fields . Investors with MODON will have the following incentives:
1. Rental of land for long periods starting from (1) Saudi Riyals per square meter.
2. Integrated and sophisticated infrastructure and high-speed networks.
3. The Possibility of obtaining financial facilities and government loans of up to 50% of the value of the investment.
4. Supported industrial electricity tariff.
5. The possibility of providing water at a lower cost.
6. Customs exemption for machinery and raw materials used in industry.
7. Availability of a range of governmental services, banking, consultancy and security, residential, commercial and logistical services.
8. Proximity to domestic and international markets.
9. Ongoing developmental projects as in some cities the following projects are available to include district cooling, industrial wastewater treatment plants, and reforestation projects.
10. MODON has been granted certificates of excellence, including: global quality 2008: ISO 9001, best work environment in 2009, the best e-government services site in 2010.

Industrial Cities: