Tabuk: The Saudi Authority for Industrial Cities and Technology Zones (MODON) has announced an investment opportunity to develop and operate 15 ready-built factories in Tabuk Industrial City. Spanning 15,000 square meters, the project represents an investment exceeding SAR14 million and targets a 10% internal rate of return.

According to Saudi Press Agency, the opportunity comes amid growing demand for ready-built factories in Tabuk Industrial City. More than 45 applications for such facilities have been submitted over the past three years, while the city's existing eight ready-built industrial units have reached full occupancy.

The investment opportunity aims to construct, develop, and operate 15 new ready-built factories to expand capacity, accelerate the launch of industrial activities and projects, and capitalize on the integrated infrastructure and services available at Tabuk Industrial City.