Saudi “Modon” is attracting new investment to locate the medical supply industry

The Saudi Authority for Industrial Cities and Technology Zones “Modon” has signed a lease of industrial land in the third industrial city in Jeddah to locate the medical supply industry in the Kingdom with a local and global partnership.

The Chief Executive Officer, Ing. Khalid bin Muhammad Al-Salem, stated that MODON continues to support the industrial sector with qualitative and value-added investments to diversify the national economy in in line with the Kingdom’s Vision 2030, and the initiatives entrusted to it in the National Industrial and Logistics Development Program “Ndaleb”.

And he indicated that a contract has been signed for the lease of an industrial land with an area of ​​20,000 square meters in the Third Industrial City of Jeddah with the company “Mullenliky Dates”, a Saudi-Swedish partnership between the Saudi Tamr Group and the International Mullenliky Company (JV) in order to establish a project to locate the production of ready-to-use sterile surgical instruments in operations – surgical trays – (surgical trays) in industrial cities.

He stressed that the new project will contribute to the localization of the medical devices and supplies industry and promote digital transformation in the industrial sector in the context of the trend towards the Fourth Industrial Revolution and the transfer of important technologies to the local market, in as well as increasing employment, training and education opportunities for the country’s sons and daughters.

And he indicated that MODON has managed to increase the number of factories in this vital sector in industrial cities by 150% over the past five years, to nearly 173 factories including manufacturers, existing and in construction, compared to 64 factories in 2016, pointing to the richness and diversity of its products to include the medical supply industry, such as medical protective tubing and clothing, and the pharmaceutical industries, including anticancer drugs, psychological treatments, and antibiotics, as well as the production of medical sterilizers, vitamins and the manufacture of cosmetics.

Al-Salem said: “Despite the impact of the global economy on the COVID-19 pandemic, investment in Industrial land in industrial cities has grown by 21% by the end of 2020, as a result of the incentives and facilitation measures that MODON provides to its partners in the private sector through its products and services.Innovative as part of its integrated strategy for empower industry and help increase local content.

It revealed that MODON has launched small plots of industrial land between 1700 m² and 3000 m² for the first time to support pioneers, entrepreneurs and small and medium-sized enterprises. Jeddah Third Industrial City, Al-Kharj Industrial City and Third City Industrial City of Dammam.

Al-Salem drew attention to the fact that these industrial plots of all sizes are ready for direct investment because the infrastructure within them and other services such as electricity, water and high-speed Internet have been developed. in all industrial cities distributed in the whole Kingdom.

Interestingly, the Third Industrial City of Jeddah was established in 2012 on a ‘area of 80 million square meters, of which 24 million square meters is aarea developed which includes 539 industrial, logistic and service contracts between a product, an existing one, and in construction and constitution.

The third industrial city of Jeddah includes various products such as ready-made factories and small industrial land, and is characterized by high infrastructure and unique services, and includes many important industries, in particular: food and beverage products, pharmaceutical products, computer, electronics and optical products, manufacturing industries and other high value-added industries and activities It is characterized by its proximity to Al Haramain railway station at a distance of 45km, 62km from the Islamic port of Jeddah and 77km from King International Airport Abdulaziz.

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