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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq A-Awsat

Modon Signs Partnership Agreement to Establish, Develop, Operate 14 Warehouses in Jeddah

Jeddah, Saudi Arabia - March 26, 2022 General view of the F1 circuit during practice REUTERS/Ahmed Yosri

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a partnership agreement to establish, develop and operate 14 warehouses with flexible areas in Jeddah 1st Industrial City.

Modon’s role will be based on smart, automated systems to provide quick and temporary logistical solutions to support industrialists and entrepreneurs, and stimulate investment in the retail sector.

According to Modon, the project involves the construction of fully digital and automated warehouses that do not need human intervention, using the latest technology and equipment that provides access to storage units via a smartphone app (smart door locks).

It also said that the project offers the best-in-class 24/7 customer service system that provides immediate and thorough support.

The warehouses will be operated based on the public-private sector partnership (PPP) model, which is bound to enhance quality standards and operational efficiency of services and products, and stimulate investment in industrial cities.

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