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FINANCIAL NEWS
Saudi Modon, Siemens ink agreement
15 Mar 2012
(MENAFN) Industrial Property Authority (Modon) inked an agreement with for the developing a manufacturing and service plant in Dammam, reported Arab News.
The Dammam plant will be the largest of its kind in the Middle East and third at world level after its two plants in Germany and the US, according to Siemens.
It is worth noting that Modon is currently developing 33 million square meters of land in Jeddah, including eight million square meters for the second industrial city, 20 million square meters for the third industrial city and five million square meters for the fourth one.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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