# SoftBank and Alat to open robot factory in Saudi Arabia in December

SoftBank CEO Masayoshi Son announced that a $150 million robot factory in Saudi Arabia, a joint venture with Alat (a PIF company), is expected to open in December 2024. The factory will produce automated industrial robots with AI.

- Type: New facility
- Announced: 2024-10-29
- Where: Saudi Arabia, Saudi Arabia
- Value: $150.0M
- Starts operating: Dec 2024
- Status: under construction
- Products: automated industrial robots with AI
- 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

- [semafor.com](https://www.semafor.com/article/10/29/2024/softbanks-masayoshi-son-gives-a-cryptic-update-on-saudi-robot-factory), 2024-10-29: "It’s not just the robot, it’s the robot with AI, the robot with the brain."

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