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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

DARK SECRETS: Modon signs food and beverage agreements worth 285 million | Vintage Vibes

MODON Authority Kingdom Dubai
Saudi Arabia continues to attract investments in the food industry. (Asharq Al-Awsat)

The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a number of agreements to localize the food and beverage industry in the Kingdom, with total investments amounting to 1.07 billion riyals ($285 million).

The announcement was made on the sidelines of MODON’s participation in the Gulfood exhibition in Dubai, where the authority revealed recent partnerships aimed at localizing the Kingdom’s food and beverage industry in line with Saudi Vision 2030 and the National Industry Strategy.

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