Saudi Industrial Property Authority "Modon" has signed agreements and contracts worth SR 1.3 billion with Saudi Electricity Company for the delivery of electricity to the 3rd Industrial City in Jeddah and the 3rd Industrial City in Dammam. The agreements and contracts have been signed by Modon's Director General, Dr. Tawfiq bin Fauzan Al-Rabiah, and by the Saudi Electricity Company's Chief Executive Officer Ali bin Saleh Al-Barrak. Dr. Al-Rabiah has said in a statement that Modon will construct the (Power) stations, while the company will establish electricity grid wires.