Alat and SoftBank Group form JV to manufacture industrial robots in Riyadh

Alat and SoftBank Group formed a joint venture to manufacture industrial robots in Riyadh, Saudi Arabia, with an investment of up to $150 million. The first factory is targeted to open in December 2024.

“Alat, a PIF company... has today announced the establishment of a strategic partnership with SoftBank Group Corp. to establish a next generation industrial automation business in the Kingdom of Saudi Arabia that will manufacture groundbreaking industrial robots.”group.softbank

• 1 source
• group.softbankAlat and SoftBank Group form a strategic partnership to manufacture groundbreaking industrial robots in the Kingdom | SoftBank Group Corp.Feb 20, 2024

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