As many as 4 Contracts worth SR15mln, Signed

Prince Faisal bin Nawaf bin Abdulaziz, Governor of Al-Jouf region witnessed the signing of as many as 4 contracts to localize industries, in the region.

Such a step is among the fruits of the investment opportunities forum, organized by the Emirate of the region, in cooperation with the Saudi Authority for Industrial Cities and Technology Zones “Modon.”

Authority’s CEO Eng. Khalid bin Al-Salem, attended the ceremony, too, which witnessed participation of about 400 businesspersons.

Commenting on the move, the Prince-Governor stressed that the region is rich, in qualitative investment opportunities, and that through its logistical location, will contribute to accelerating the movement of trade, with a tremendous mutual economic impact, among the Kingdom and its neighbors.

In addition, that would contribute to achieving the objectives of the Kingdom Vision 2030, he elaborated, indicating that the signing of contracts will contribute to the advancement of the industrial sector in the region, where industrial development constitutes the cornerstone for diversifying the national economy and sustainable development.

He drew attention to the wise leadership role, saying that, in the light of the attention and support given to the industrial sector, calling a further driving force, to move, vigorously, ahead.

For his part, the CEO of Modon Eng. Khalid Al-Salem, praised the Prince-Governor of the region, for his patronage of the forum, underscoring his keenness to overcome challenges, in order to localize private sector investments, in the region, adding that the forum witnessed signing of 4 investment contracts, with a total of more than SR15 million.

Al-Jouf oasis falls within the initiatives of “Modon” in the National Industrial Development and Logistics Program and it is located on an area of ​​3 million square meters, he explained.

Around one million square meters of which is a developed area, to create an integrated and suitable industrial environment, to attract women’s investments, to activate their role, in the industrial sector and stimulate the role and share of the small and medium-sized enterprises sector, in the gross domestic product, he concluded.