The Saudi Authority for Industrial Cities and Technology Zones (MODON) and JINGDONG Property, the infrastructure investment and asset management division of JD.com, have signed a Memorandum of Understanding (MoU) to jointly develop and operate a vast network of logistics and industrial assets across the Kingdom.

The agreement covers the development of two million square metres of facilities in key locations. The MoU was officially signed during the UNIDO General Conference (UNIDO GC21) held in Riyadh.

The signing ceremony was a high-profile event. Attendees included H.E. Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources, Eng. Majed Rafed Al-Argoubi, CEO of MODON, and Feng Guo, General Manager of JD.com Middle East. Their attendance underlined the strategic significance of the new collaboration for both the public and private sectors.

Under the partnership, the organisations will concentrate on the long-term development and operation of modern industrial and logistics facilities across Riyadh, Jeddah, and Dammam.

The programme’s first project, intended as a proof-of-concept, will be located in Jeddah Industrial City. This site will exceed 40,000 square metres in area. It will be the first greenfield development by JINGDONG Property in Saudi Arabia. The facility is planned as Grade-A speculative warehousing built to BREEAM Excellence standards.

The new logistics facilities will incorporate smart automation and offer built-to-suit (BTS) options. These high-specification spaces are designed to serve sectors with rapidly growing throughput needs. Target industries include FMCG, e-commerce, automotive, food, and pharmaceuticals.

JINGDONG Property will contribute its extensive international experience in managing large-scale logistics real estate and attracting institutional capital. MODON will provide the necessary land, integrated infrastructure, and regulatory support through its network of industrial cities to expedite the delivery of the projects.

This strategic partnership directly supports Saudi Arabia’s National Industrial Strategy and the overarching Vision 2030 objectives. These goals aim to expand local content, increase exports, and deepen private-sector involvement in infrastructure development. For JD.com, the collaboration marks a major expansion of its regional infrastructure platform in the Middle East. Both entities stated that the collaboration is a meaningful step towards strengthening the Kingdom’s industrial and logistics ecosystem and enhancing its global competitiveness as a regional and worldwide hub.

About MODON

Since its establishment in 2001, Modon has been undertaking the development and supervision of industrial lands and integrated infrastructure. Today, it oversees 39 existing and under development industrial cities across the Kingdom, in addition to private industrial cities and complexes. Modon succeeded in raising the area of developed industrial lands until now nearly 220 million m² . These cities manage 8000 industrial and investment contracts and more than 4000 factories between producer, existing and under construction and establishment.

About JINGDONG Property, Inc.

JINGDONG Property, Inc., also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com’s supply chain ecosystem, JINGDONG Property is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure. As of September 30, JINGDONG Property manages more than 270 infrastructure projects in China and worldwide.