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RIYADH: Entrepreneurs and owners of small and medium enterprises in Saudi Arabia are set to have enhanced access to financing solutions thanks to a new agreement. The Saudi Authority for Industrial Cities and Technology Zones, also known as MODON, has signed a memorandum of understanding with Riyadh-based investment firm Sukuk Capital to boost funding opportunities in the
RIYADH: It has become a feature of Ramadan and Eid that the demand for custom-made clothing skyrockets and this year is no different. Abdullah Alaa, who has a women’s dressmaking shop in Riyadh’s Al-Malqa district, said the demand is so high that they sometimes have to keep the shop open until the early hours of the morning. “It’s double, even triple the work than regular days
Riyadh: More than SR4.1 billion ($1.09 billion) had been pumped into the Saudi textile sector to support production and entrepreneurs, officials have revealed. Majid bin Rafid Al-Arqoubi, chief executive officer of the Saudi Authority for Industrial Cities and Technology Zones (MODON), revealed the investment figure during the second edition of the Men’s Fabrics and
Alshaya Group and the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, celebrated the official inauguration of Alshaya’s central food production facility, in the presence of MODON’s Chief Executive Majid bin Rafid Al-Arqoubi, and General Manager of Alshaya Group in Saudi Arabia Faisal Alshaya, along with other officials.