Cities Offers Investment in 15 Factories
The Saudi Authority for Industrial Cities and Technology Zones "Madin" has launched an investment opportunity to develop and operate 15 ready-made factories in the Turaif Industrial City, covering an area of 15,000 square meters, with a value exceeding 14 million riyals. The goal is to increase the capacity of ready-made factories and achieve an internal rate of return of over 10%. This initiative comes in response to the growing demand for ready-made factories in the region, as more than 45 applications were submitted over the past three years, and the occupancy rate of current industrial units has reached 100%. The initiative aims to strengthen partnerships with the private sector, expand the investment base, and support economic growth in the Turaif area by improving infrastructure and services.
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