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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.
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