RIYADH: Chinese technology firm Lenovo Group has announced plans to set up a regional headquarters in Saudi Arabia to strengthen its footprint across the Middle East.
This move is part of Lenovo’s strategic partnership with ALAT, a company owned by the Public Investment Fund, aiming to support the computer maker’s transformation efforts and broaden its global manufacturing presence, according to a statement.
Set to be located in Al Majdoul Tower, the new regional base aligns with Lenovo’s long-term dedication to contributing to the Kingdom’s Vision 2030 and driving the country’s digital transformation and economic diversification efforts.
It also aligns with Saudi Arabia’s government-backed Riyadh regional headquarters program, launched in 2021, which offers incentives such as a 30-year corporate income tax exemption and withholding tax relief, alongside regulatory support for multinationals operating in the Kingdom.
Matt Dobrodziej, president of Lenovo Europe, Middle East, and Africa, said: “Through our strategic partnership with ALAT and investment in advanced manufacturing, we are proud to contribute to the Kingdom’s Vision 2030 by supporting industrial diversification, accelerating digital transformation, and enabling sustainable economic growth.”
