Modon signs industrial contract with KDD to establish its first factory outside Kuwait

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TASI.SA

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Riyadh - Mubasher: The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced signing an industrial contract with the Kuwaiti company KDD to establish the company's first factory outside the State of Kuwait, in Sudair City for Industry and Business, on an area exceeding 102 thousand square meters, with investments of approximately 375 million riyals.

The project aims to localize the dairy industry and its derivatives, juices, and culinary products, which will enhance the industrial sector in the Kingdom and support the achievement of the goals of Vision 2030 in promoting industrial investment and attracting global companies.

MODON stressed that this cooperation reflects its commitment to providing an attractive environment for industrial investments, and offering the necessary facilities to enable local and international companies to grow and expand in the Saudi market, thus enhancing the Kingdom’s position as a leading regional industrial center.