29 Nov 2022
Saudi Arabia to attract $1bn investments
![Saudi Arabia to attract $1bn investments](https://cdn.asp.events/CLIENT_Dubai_Wo_4B15F265_5056_B739_54F3125D47F0BC95/sites/saudifood-2023/media/libraries/articles/section,-horecas.jpg/fit-in/700x9999/filters:no_upscale())
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.