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Saudi Modon Starts Building Industrial City in Al-Baha, SPA Says

Dec. 5 (Bloomberg) -- Modon, Saudi Arabia’s industrial property agency, awarded contracts valued at 50 million riyals ($13.3 million) for a three million-square-meter industrial city in Al-Baha on the Red Sea, the Saudi Press Agency reported.

Projects include building a seven-kilometer highway linking the industrial city with the Aqeeq-Taif road and developing the one million-square-meter first phase, SPA said, citing Tawfiq al-Rabiah, the director general of Modon.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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