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Saudi Industrial Property Authority MODON has inaugurated the 1,000 megawatts power (380 kilowatt) tension, central electric conversion station at a cost of SR441 million ($117.5 million) in the Madinah Industrial City.
Sami Al-Hussaini, director of marketing and corporate communications at MODON, said the setting up of the station is in line with MODON’s pledge to provide comprehensive services to the industrial cities in support of the development of the industry in the Kingdom.
He added that the station, set up in 26 months, will drastically contribute to the promotion of electrical energy in the industrial city.
Al-Hussaini pointed out that the allocation requests for industrial plots by investors are increasing in the industrial city of Madinah, adding that the station will contribute to meeting the current and future needs for electricity.
Al-Hussaini added that there are more than 230 existing and under-construction factories in the industrial city. He emphasized that its strategic location and proximity to the Prophet’s Mosque, Yanbu Commercial Port, which is about 190 km away, Al-Haramain Train Station that links Madinah to Makkah have contributed to the city becoming an industrial and commercial hub that promotes economic development and growth in the region.
The abundance of basic services and raw material for manufacturing metals and building material in the industrial city, established in 2003, has contributed to attracting a lot of specialized projects and qualitative investments to the industrial city.