Modon says Aseer First Industrial City’s occupancy rate exceeds 95%

18/12/2023 Argaam
Logo ofSaudi Authority for Industrial Cities and Technology Zones - Modon

Logo of Saudi Authority for Industrial Cities and Technology Zones - Modon 

The Saudi Authority for Industrial Cities and Technology Zones (Modon) said that Aseer First Industrial City achieved an occupancy rate exceeding 95% by the end of 2023. 

 

This comes as part of Modon’s investment plan, which is aimed at attracting new qualitative industries as well as value-added foreign investments, and as Modon seeks to achieve its strategic efforts to create an exemplary investment environment that meets investors’ ambitions and enhances industry empowerment plans in the Kingdom, according to a statement by the authority.

 

Aseer First Industrial City spans over an area of 2.7 million square meters. It has an abundance of industrial services and products and integrated development plans that have enabled it to be a destination for many national and international companies to start their projects.

 

The city includes 178 industrial, investment, and logistical contracts with an investment volume of up to SAR 2 billion. A total of 31,111 employees are working there, the statement added.

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