Saudi Arabia has unveiled capital projects worth around $799 million (SAR3 billion), focusing on infrastructure, water, electricity, and ready-built factories.
The initiatives were launched by Bandar Alkhorayef, the Minister of Industry and Mineral Resources and Chairman of the Saudi Authority for Industrial Cities and Technology Zones (MODON).
The Saudi Minister also oversaw the signing of several supporting industrial contracts in Sudair City for Industry and Businesses in the presence of MODON’s CEO, Majed Al-Argoubi.
The announcement came during the minister’s visit to Sudair City for Industry and Businesses, where he inaugurated a number of infrastructure development projects worth $479 million (SAR1.8 billion).
These included upgrades to road networks and water and sewage systems, construction of a 12,500-cubic-meter water reservoir, and the launch of the fourth phase of infrastructure development, covering 6 million square meters.
According to the statement, the visit also included a review of the construction of a 200 MVA electrical substation, as well as a project to build 44 ready-built factories to enhance the city’s readiness to attract industrial investment and improve services for entrepreneurs.
These partnerships are in line with the goals of the National Industrial Strategy, which aims to establish a robust and advanced industrial base in Saudi Arabia.
The strategy focuses on strengthening national supply chains, fostering the growth of high-value-added industries, and enhancing the industrial sector’s contribution to the country’s gross domestic product (GDP). By supporting these initiatives, the partnerships contribute to the long-term vision of transforming Saudi Arabia into a global industrial hub, as per the statement.
