RIYADH: Alat, a subsidiary of Saudi Arabia’s Public Investment Fund, is preparing to start manufacturing personal computers and servers at its new facility in Riyadh, the company’s CEO told Asharq Business.
Speaking on the sidelines of the Future Investment Initiative conference, Amit Midha said production will begin once the facility becomes operational, with smartphones expected to follow at a later stage.
The factory, developed under Alat’s partnership with Lenovo, will serve as a key component of Saudi Arabia’s strategy to localize high-tech manufacturing.
“We are going to have our first factory opened later this year, right here in Riyadh. And that will manufacture personal computers, smartphones and servers. Smartphones will be next year, but PCs and servers will start this year,” Midha said.
He also highlighted Alat’s €160 million ($186 million) joint venture with TKE, which aims to produce elevators and escalators in Saudi Arabia by 2026.
