# Alat and Softbank to invest up to $150M in industrial robot manufacturing in Saudi Arabia

Alat and Softbank Group will establish a next generation industrial automation business in Saudi Arabia to manufacture industrial robots, with investment up to US$150 million.

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

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/alat-announces-four-partnerships-with-leading-global-companies-to-rapidly-progress-technology-manufacturing-in-saudi-arabia-302066110.html), 2024-02-20: "Alat and Softbank will establish a next generation industrial automation business in the Kingdom of Saudi Arabia that will manufacture groundbreaking industrial robots."

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