Ready factories are one of the pilot projects offered by "MODON" to serve industry, in a number of industrial cities, serving medium and small entrepreneurs alike. The idea of this project focuses on easing the production process of the investor wherein he/she does not have to engage in the problematic and time-consuming design and construction processes.
Ready Factories Rental Details:
• Factory rental period is five (5) years, renewable.
• Ready Factory area can be increased by renting a maximum of two adjacent factories.
• Annual lease rates start from 90 thousand riyals.
• Loans available from the Industrial Development Fund.
• Mandatory for tenant to insure the factory.
• Ready Factories have been built in most industrial cities, some of which are under construction.