The Saudi Authority for Industrial Cities and Technology Zones (MODON) and JINGDONG Property, JD.com’s global infrastructure investment and management platform, have signed a Memorandum of Understanding (MoU) to jointly develop and operate two million square metres of industrial and logistics projects across Saudi Arabia.
The agreement was signed during the 21st UNIDO General Conference in Riyadh and witnessed by His Excellency Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources.
The signing was attended by Eng. Majed Rafed Al-Argoubi, CEO of MODON, and Mr. Feng Guo, General Manager of JD.com Middle East, reflecting the strategic significance of the collaboration.
MODON, JD.com unite on logistics projects
Under the partnership, JINGDONG Property will bring its expertise in developing, operating, and managing modern industrial and logistics assets, as well as attracting institutional capital for large-scale real estate programmes. The initiative aims to enhance Saudi Arabia’s logistics and industrial infrastructure and attract international investment to the sector.
The collaboration will focus on key industrial hubs in Riyadh, Jeddah, and Dammam. The first pilot project, located in Jeddah Industrial City, will cover more than 40,000 square metres and will mark JINGDONG Property’s first Greenfield development in the Kingdom. The site will include Grade-A speculative warehousing certified under BREEAM Excellence standards, incorporating sustainable design, smart automation, and built-to-suit solutions.
The Jeddah project is expected to meet rising demand for high-quality logistics and storage space in Saudi Arabia’s western region, serving industries including e-commerce, FMCG, automotive, food, and pharmaceuticals.
Eng. Majed Rafed Al-Argoubi, CEO of MODON, said the partnership supports Saudi Arabia’s goal of becoming a global industrial and logistics hub: “This collaboration with JINGDONG Property strengthens our efforts to build world-class infrastructure that accelerates industrial growth, enhances local content, and boosts private-sector participation in line with the objectives of Vision 2030.”
Mr. Feng Guo, General Manager of JD.com Middle East, added: “Saudi Arabia is a key market for JD.com’s global expansion. Through this partnership, we will introduce our expertise in sustainable and intelligent logistics infrastructure to support the Kingdom’s growing industrial ecosystem.”
Since its establishment in 2001, MODON has overseen the development of 39 industrial cities across Saudi Arabia, managing more than 220 million square metres of industrial land and 8,000 investment contracts.
JINGDONG Property, part of JD.com, manages over 270 infrastructure projects worldwide and serves as a cornerstone of the company’s global supply chain ecosystem.
Both entities said the partnership represents an important milestone in strengthening Saudi Arabia’s industrial and logistics landscape, reinforcing the Kingdom’s position as a competitive global investment destination.
