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 What are Ready Factories?

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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.

Last Update 22 Oct 2018 12:43 AM