JEDDAH: Headquartered in Riyadh, Alat helps international companies adopt sustainable, low-carbon production methods, supporting Vision 2030 goals for industrial growth, economic diversification, and job creation.
Launched in 2024, the company aims to localize production in strategic sectors, including semiconductors, smart devices, advanced industrials, and next-generation infrastructure, targeting an addition of roughly $9.3 billion to Saudi Arabia’s non-oil gross domestic product by 2030.
Khaled Ramadan, an economist and head of the International Center for Strategic Studies in Cairo, told Arab News that Alat will have “a highly positive impact on industrial diversification in Saudi Arabia and the realization of Vision 2030.”
It could boost local content, create 39,000 direct jobs by 2030, reduce reliance on oil, and cut imports of electronics and smart devices. He added that achieving these goals will require sustained investment in infrastructure, R&D, and workforce development.
Khaled Ramadan, economist and head of the International Center for Strategic Studies in Cairo. (Supplied)
