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Cities seeks investment for 15 Tabuk factories
The Saudi Industrial Cities and Technology Zones Authority (Madin) has announced an investment opportunity for the development and operation of 15 ready-made factories within Tobaik Industrial City, covering an area of 15,000 square meters. The project offers an investment value exceeding 14 million SAR, targeting an internal rate of return (IRR) of more than 10%. The initiative aims to address the increasing demand for ready-made factories in the region, where current unit occupancy rates have reached 100%, with over 45 applications received in the past three years. This reflects a need to expand production capacity. Furthermore, this investment will enhance opportunities to attract investors and accelerate the development of the industrial sector in Tobaik, aligning with Madin's efforts to develop industrial products and services and promote economic growth in the region.
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