Majed AI-Argoubi

Saudi Arabia's textiles and fabrics industries have seen investments worth over $1 billion, as the industrial sector in the country undergoes significant development, according to Majed Al-Argoubi, the CEO of the Saudi Authority for Industrial Cities and Technology Zones, also known as MODON. This funding has been distributed over 125 industrial contracts in 19 industrial cities, covering a total area of more than one million sq. m. The textiles and men's supplies sector is experiencing high growth in the country, as most of its raw materials are sourced from Saudi Arabia, making it an attractive sector for investments, Al-Argoubi said.