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Saudi Arabia to attract $1bn investments to localize the food industries

RIYADH: 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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MODON completes SIRI evaluation of 58 factories for 4IR readiness

RIYADH: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, revealed that it has successfully evaluated 58 factories using the international Smart Industry Readiness Index. The SIRI index, owned by the International Centre for Industrial Transformation, is the only index approved by the World Economic Forum to measure the adoption rates of ....

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