A reliable source revealed that this newly formed PIF firm will invest $100 billion (Dh367 billion) by 2030 to deliver its mandate.
Alat, a Saudi Arabia-based industrial electronics firm, has recently partnered with four major international technological businesses – Dahua Technology, Softbank Group, Carrier Corporation, and Tahakom, to advance its manufacturing technology. The main goal of these partnerships is to decrease emissions and transition to carbon-free manufacturing as a component of Saudi Vision 2030. The firm has demonstrated its commitment to sustainability and innovation through its involvement in renewable energy and the growth of Saudi Arabia’s technology sector.
A reliable source revealed that this newly formed PIF firm will invest $100 billion (Dh367 billion) by 2030 to deliver its mandate. It also aims to use its business processes and alliances with top global technology firms to empower the private sector. It began by producing goods in 34 categories across seven business units, including advanced industrials, semiconductors, smart devices, smart buildings, smart appliances, innovative health, and next-generation infrastructure.
Redefining Sustainable Manufacturing
Amit Midha, CEO of Alat, said they will reinvent sustainable manufacturing in collaboration with its global and regional partners, the first four of which they are pleased to introduce today. Alat’s mission is to maximise the renewable energy resources of the Kingdom, including solar, wind, and green hydrogen.
He also mentioned that with a passion for technology, they are transforming businesses through the use of cutting-edge AI and fourth-industrial revolution technologies in manufacturing. This involves adopting clean energy and implementing sustainable practices throughout our supply chain, facilities, logistics, and operations, keeping sustainability at the centre of all they do.
Alat’s Partnership With Four Technological Businesses
Alat and Softbank, a Japanese multinational investment holding firm, will launch a next-generation industrial automation company. This will produce innovative industrial robots in Saudi Arabia. To build a fully automated manufacturing and engineering hub that can meet both domestic and international demand, the partners plan to invest up to $150 million (Dh 550 million). By December, this production factory is expected to be operational.
Carrier Corporation, an American-based world pioneer of intelligent energy and climate solutions, will collaborate with Alat to design a cutting-edge manufacturing and research centre in the Kingdom. The main aim will be to lower carbon emissions from buildings and significantly raise their energy effectiveness. Their collaboration will create more than 5000 local jobs that will offer advanced HVAC solutions.
Another firm called Dahua Technology, which is a manufacturer in the safety and security field, has also partnered with Alat. This will establish a cutting-edge production facility in Saudi Arabia as well as a safe and legal worldwide business for vision-centric products named Alat AIVisio Technology Co. Ltd. Both firms will provide technology enablement, testing facilities and demonstration centres, as well as local technology product production. They also plan on investing $200 million (Dh734 million) to achieve this goal.
Tahakom, a Saudi Comprehensive Technology and Security Control firm, has also joined hands with Alat to promote smart cities and smart mobility solutions, which are aligned with Saudi Arabia’s Vision 2030. Their partnership involves leveraging R&D functions, designing solutions, designing technology roadmaps, and cultivating both vendor and client relationships.
Alat’s new partnerships with these businesses showcase their dedication towards innovation and sustainability in manufacturing. As a global leader in Saudi’s tech scene, these initiatives offer both economic growth and environmental protection.