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%
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%
