Arab News, Monday, Oct 25, 2021 | Rabi Al-Awwal 18, 1443
MODON signs deal for 1st factory to manufacture prosthetic limbs in Kingdom
Saudi Arabia: The Saudi Authority for
Industrial and Technology Zones, known as MODON, signed on Sunday a contract
with a company to manufacture prosthetics in the Kingdom.
The first factory to manufacture prosthetics in
Saudi Arabia will be established in Asir Industrial City, the Saudi Press Agency
reported.
Qusai Al-Abdulkarim, a spokesman for MODON, said
the establishment of the facility is a valuable addition to Saudi Arabia and it
is in line with Vision 2030.
The factory, to be established with an investment
of SR40 million, aims to localize manufacture of prosthetics in the Kingdom. It
seeks to meet 20 percent of the local demand in the first phase of its
operations. It aims to expand its operation to export Saudi products to other
countries.