MODON lures SAR 24B local, foreign investments in 2024

10/05/2025 Argaam
Logo ofSaudi Authority for Industrial Cities and Technology Zones (MODON)

Logo of Saudi Authority for Industrial Cities and Technology Zones (MODON)

The Saudi Authority for Industrial Cities and Technology Zones (MODON) attracted new local and foreign investments worth SAR 24 billion in 2024, representing a growth rate of 38% compared to 2023. This brought the total cumulative investments to SAR 440 billion across 39 industrial cities in the Kingdom.

 

MODON’s 2024 annual report of showed a 9% year-on-year (YoY) increase in the number of industrial, logistical, and investment establishments, reaching a total of 8,616 facilities. Meanwhile, the area of developed land in its industrial cities grew by 7%, reaching 2,195 million square meters.

 

New jobs in the industrial cities increased by 10%, with about 55,000 new jobs added during the past year compared to 2023, bringing the total number of jobs to 593,000.

 

The following table illustrates MODON’s milestones in 2024:

 

MODON’s Key Milestones in 2024

Item

Details

Growth YoY

New Local Investment

SAR 18 bln

--

New Foreign Investment

SAR 6 bln

--

Total New Investments

SAR 24 bln

38%

Developed Industrial Land

10.5 mln sqm

7%

Allocated Land

9 mln sqm

62%

New Industrial, Logistics, and Investment Cities

875

9%

New Jobs in Industrial Cities

55,000

10%
 

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