Home / Knowledge / News / Textiles / SABIC-MODON-BCG to study strategy for six industrial cities
SABIC-MODON-BCG to study strategy for six industrial cities
14
Mar '11
The Saudi Arabian Basic Industries Corporation (SABIC) and the Saudi Industrial Property Authority (MODON) signed a three-way agreement with the Boston Consulting Group (BCG) in Riyadh aimed at developing industrialization strategies for the Saudi cities of Al-Jouf, Tabuk, Hail, Jizan, Najran and Arar.

The agreement under which SABIC will be the sole sponsor was signed by Mohamed Al-Mady, SABIC Vice Chairman and Chief Executive Officer; Dr. Tawfig Alrabiah, Director General of MODON and Thomas Bradtke, Partner and Managing Director, BCG.

Commenting on the agreement, Al-Mady said that SABIC is supporting this study to contribute to the development of the industrial sector in Saudi Arabia. He noted, “We have already experienced the establishment of the two industrial cities of Jubail and Yanbu. These cities have seen phenomenal growth over the years, and stand as role models for industrial success in Saudi Arabia. The intention now is to focus on developing the less-developed cities and regions of Saudi Arabia and pave the road to the launching of additional industrial cities.”

Dr. Alrabiah noted that the study will provide up to 300 industrial opportunities involving value-adding and exportable downstream industries that can provide substantial job opportunities for national employment.

The first phase of the study is expected to be completed within 12 weeks. It will incorporate the findings of previous studies, develop a clear understanding of the market potential, examine the attributes of each of the subject cities, identify the most appropriate industries (or combinations of industries), examine the key enablers and develop value propositions for each of the cities for investment attraction.

MODON is a government agency created via the Council of Ministers' resolution No. 235 dated 27/8/1422H (2001) to establish, develop and operate industrial cities and technology zones in partnership with the private sector.

BCG is a global management consulting firm and leading advisor on business strategy.

Saudi Basic Industries Corporation (SABIC) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.

Saudi Arabian Basic Industries Corporation (SABIC)

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search