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 Land and Industrial Loan (MODON)

 

Definition:

The product of Land and Industrial Loan allows investors to apply for financing their projects and allocating industrial lands via one application. This product is amongst other joint products between Saudi Industrial Property Authority (Modon) and The Saudi Industrial Development Fund (SIDF).

 

The Aim:

The aim of the product is to save time and effort for the investor by matching the requirements and procedures of both SIDF and MODON to be one application. It also saves money for the investors so they do not pay the fees and the rent for the industrial land unless the Fund approves the application which was not the case before.

 Application Process:

To apply for this product, kindly fill and complete the required online form.  After submission, the loan application will be studied by SIDF once Modon grants the initial approval on the availability of the required industrial land. After the approval of the industrial loan, Modon will allocate the industrial land and start the procedures of signing the lease and billing.

 

For Applying:  Click here