Minister of Industry Attends Signing of MoU between MODON, Government of Moscow

The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a memorandum of understanding (MoU) with the Department of Entrepreneurship and Innovative Development of the City of Moscow Government, under the patronage of Minister of Industry and Mineral Resources and MODON Board President Bandar Alkhorayef.

 The MoU aims to support joint investment opportunities and exchange of expertise and knowledge, as well as promote industrial integration, develop industrial cities and technical zones, and enable entrepreneurship and innovation, in line with the objectives of Saudi Vision 2030 and the National Industrial Strategy by creating a promising industrial and productive environment that integrates incentives for industrialization, innovation and entrepreneurship.

 This cooperation is a strategic step towards consolidating the Kingdom's position as a global industrial and technological hub by building bridges with successful international experiences and developing an industrial and investment system that supports the transformation towards a sustainable and diversified economy.