News and Insights


29 Nov 2022

Saudi Arabia to attract $1bn investments

Saudi Arabia to attract $1bn investments

The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has partnered with an undisclosed food company to attract investments worth up to SR4 billion ($1 billion).

The joint cooperation aims to enhance food security in Saudi Arabia, create new job opportunities and contribute to increasing the local content, according to the Saudi Press Agency.

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