The Saudi Authority for Industrial Cities and Technology Zones (MODON) has signed an agreement with business consultant Thiqah to build an electronic auction platform for industrial cities in the Kingdom, SPA reported.

The agreement aims to enhance the competitiveness of the Saudi industry, said MODON CEO Khalid Al-Salem.

An electronic auction using the platform ran from July 25 to August 3, 2021, attracting 61 bids and more than 24 participants, he said.

Thiqa was launched in 2012 to provide smart solutions, business services and data services to its partners in the public and private sectors.

MODON was established in 2001 to develop and manage industrial cities and technology zones that enable sustainable growth in an optimal economic environment.

Property auctions are being hosted on emazad.sa.