The Director General of Saudi Industrial Property Authority “MODON”, Eng. Khalid Al Salem and the Executive President Deputy of Prince Sultan bin Abdul Aziz Fund for Women Development, Ms. Hana Al Zuhair, signs today at “MODON” headquarters in Riyadh a contract to setting up a social-technological innovation center in Dammam 1st. Industrial City. To form an incubator environment and stimulate creative, innovative thinking and supporting the local and global economy. Through offering new and innovative products and services, and pioneer initiatives that improves the experience of client or end-user.
Eng. Al Salem said after he signed that the project comes within “MODON” initiatives to empower pioneers and women entrepreneurs in the business sector and strengthens the strategic cooperation frameworks between "MODON" and "Fund". That aimed to establishing incubators and business accelerators which works to create new investment opportunities for the sons of this homeland. It will helping them to improve and develop ideas, and start setting up their own businesses. Pointing out that the center includes equipped technical laboratories with full equipment, machinery and self-manufacturing units and programs to generate ideas.