# Softbank and Alat to build robot factory in Saudi Arabia

Softbank and Alat (a PIF-owned company) have formed a joint venture to build a 'lighthouse factory' in Saudi Arabia to manufacture industrial robots, with production expected by the end of 2024.

- Type: New facility
- Announced: 2024-02-20
- Where: Saudi Arabia
- Value: $150.0M
- Starts operating: 2024
- Status: announced
- Products: industrial robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [SoftBank Group](https://endata.com/companies/15862.md) (partner)
- [Alat](https://endata.com/companies/75722.md) (partner)

## Sources

- [mot-backup.gulfbusiness.com](https://mot-backup.gulfbusiness.com/softbank-pifs-alat-robots-saudi-arabia/), 2024-02-20: "You'll actually start seeing robots manufactured in a plant in Saudi Arabia coming off the production line by the end of this calendar year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.