The Saudi Industry Forum 2026 hosted an open dialogue with Eng. Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), on the second day of the event at Jeddah Superdome. The session highlighted MODON’s central role in advancing the Kingdom’s industrial sector by developing integrated industrial cities and attracting high-quality investments, in line with the National Industrial Strategy.
Context and Background
The Saudi Industry Forum 2026, held in Jeddah, serves as a premier platform for discussing the future of Saudi industry and investment. MODON, a key government entity, is responsible for developing industrial cities and technology zones across the Kingdom, providing infrastructure and services to industrial enterprises. The forum brings together policymakers, investors, and industry leaders to explore opportunities and challenges in the sector. This year’s event underscored the Kingdom’s commitment to diversifying its economy away from oil, a core objective of Saudi Vision 2030.
Eng. Al-Argoubi’s participation reflects MODON’s pivotal role in realizing the National Industrial Strategy, which aims to expand the industrial base and boost non-oil exports. The dialogue with the MODON CEO provided a platform to discuss how industrial cities have evolved into hubs for advanced and innovative industries.
Key Details
During the open dialogue, Eng. Majed Al-Argoubi emphasized MODON’s efforts in supporting the industrial sector by creating an attractive business environment. He noted that industrial cities are now home to a wide range of advanced and innovative industries, contributing to economic diversification. The discussion also covered key investment opportunities within industrial cities, mechanisms to support investors, and incentives available to industrial enterprises.
Al-Argoubi highlighted that these efforts align with the National Industrial Strategy’s goals of diversifying the industrial base and driving growth in non-oil exports. The forum’s second day at Jeddah Superdome drew significant attention from stakeholders seeking to capitalize on the Kingdom’s industrial transformation.
Implications and Impact
The dialogue underscores Saudi Arabia’s ongoing efforts to position itself as a global industrial powerhouse. By fostering an enabling environment for investors and developing state-of-the-art industrial cities, MODON is helping to attract foreign and domestic investments, create jobs, and enhance the Kingdom’s non-oil export capacity. This, in turn, supports the broader objectives of Vision 2030 by reducing reliance on oil revenues and building a sustainable, diversified economy.
The forum also signals to the international community that Saudi Arabia is open for business and committed to providing a competitive and supportive ecosystem for industrial enterprises. As industrial cities continue to evolve, they are expected to play a critical role in the Kingdom’s economic future.
Vision 2030 Alignment
The Saudi Industry Forum 2026 and MODON’s initiatives are directly aligned with Saudi Vision 2030, which seeks to diversify the economy, empower the private sector, and enhance the Kingdom’s global competitiveness. By developing integrated industrial cities and supporting high-quality investments, MODON is contributing to the realization of a vibrant industrial sector that will drive sustainable growth and prosperity for generations to come.
20 Questions
Q1. What is the Saudi Industry Forum 2026?
A1. The Saudi Industry Forum 2026 is a major event held in Jeddah that brings together industry leaders, investors, and government officials to discuss the future of Saudi industry and investment opportunities.
Q2. Who is Eng. Majed Al-Argoubi?
A2. Eng. Majed Al-Argoubi is the CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), a government entity responsible for developing industrial cities and technology zones across the Kingdom.
Q3. What is MODON’s role in Saudi Arabia’s industrial sector?
A3. MODON supports the industrial sector by developing integrated industrial cities, providing infrastructure, and fostering an attractive business environment to attract high-quality investments.
Q4. Where was the Saudi Industry Forum 2026 held?
A4. The forum was held at Jeddah Superdome in Jeddah, Saudi Arabia, on its second day featuring the open dialogue with the MODON CEO.
Q5. What did Eng. Al-Argoubi highlight during the dialogue?
A5. He highlighted MODON’s role in supporting the industrial sector, developing integrated industrial cities, and attracting investments, as well as the evolution of industrial cities into hubs for advanced industries.
Q6. How do industrial cities contribute to Saudi Arabia’s economy?
A6. Industrial cities contribute by hosting advanced and innovative industries, diversifying the industrial base, driving non-oil export growth, and creating jobs, in line with the National Industrial Strategy.
Q7. What is the National Industrial Strategy?
A7. The National Industrial Strategy is a Saudi initiative aimed at diversifying the industrial base, expanding non-oil exports, and supporting the objectives of Saudi Vision 2030.
Q8. What investment opportunities were discussed at the forum?
A8. The dialogue explored key investment opportunities in industrial cities, including mechanisms to support investors and incentives available to industrial enterprises.
Q9. What incentives are available for industrial enterprises in Saudi Arabia?
A9. Incentives include support mechanisms for investors, developed infrastructure, and a business-friendly environment provided by MODON within industrial cities.
Q10. How does MODON attract high-quality investments?
A10. MODON attracts investments by developing integrated industrial cities, offering incentives, and creating an attractive business environment that supports industrial growth and innovation.
Q11. What is the significance of the Saudi Industry Forum 2026?
A11. The forum serves as a platform for discussing industrial development, showcasing investment opportunities, and aligning efforts with Saudi Vision 2030 and the National Industrial Strategy.
Q12. How does the forum support Saudi Vision 2030?
A12. The forum supports Vision 2030 by promoting economic diversification, enhancing non-oil exports, and attracting investments that contribute to sustainable growth and job creation.
Q13. What types of industries are present in MODON’s industrial cities?
A13. MODON’s industrial cities host a wide range of advanced and innovative industries, including manufacturing, technology, and other high-value sectors.
Q14. Who attended the Saudi Industry Forum 2026?
A14. The forum brought together policymakers, investors, industry leaders, and government officials, including Eng. Majed Al-Argoubi, CEO of MODON.
Q15. What is the role of Jeddah Superdome in the forum?
A15. Jeddah Superdome served as the venue for the Saudi Industry Forum 2026, hosting the open dialogue and other events on its second day.
Q16. How does MODON support non-oil exports?
A16. MODON supports non-oil exports by developing industrial cities that enable efficient production and export activities, contributing to the growth of non-oil sectors.
Q17. What are the key objectives of the National Industrial Strategy?
A17. The key objectives include diversifying the industrial base, expanding non-oil exports, and supporting the economic goals of Saudi Vision 2030.
Q18. How can investors benefit from MODON’s industrial cities?
A18. Investors can benefit from developed infrastructure, business-friendly regulations, incentives, and a supportive environment that fosters industrial growth and innovation.
Q19. What makes Saudi Arabia an attractive destination for industrial investment?
A19. Saudi Arabia offers strategic location, robust infrastructure, government support, and a commitment to economic diversification, making it an attractive destination for industrial investment.
Q20. What is the future outlook for Saudi Arabia’s industrial sector?
A20. The future outlook is positive, with continued growth driven by MODON’s initiatives, the National Industrial Strategy, and Vision 2030, positioning the Kingdom as a global industrial hub.
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