Alat

Alat, a new Saudi investment firm, and SoftBank Group Corp. will invest up to $150 million to establish a fully-automated manufacturing and engineering hub in Riyadh to build industrial robots, with the first factory set to open in December 2024.

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.

Alat, a PIF company, announced partnerships with Softbank Group, Carrier Corporation, Dahua Technology and Tahakom to establish sustainable manufacturing in Saudi Arabia. Alat will invest US$100 billion by 2030.

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.

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, and Carrier Global Corporation announced a partnership to build a cutting-edge manufacturing and R&D facility in Saudi Arabia for advanced HVAC solutions. The project is expected to create more than 5,000 local jobs.