His Royal Highness Crown Prince Mohammed bin Salman has initiated the launch of ‘Alat,’ a flagship venture under the Public Investment Fund (PIF), dedicated to positioning Saudi Arabia as a global leader in sustainable technology manufacturing. Alat is committed to leveraging abundant clean energy resources to foster sustainable manufacturing practices and contribute to advancing innovation and industry in the Kingdom.
With a strategic focus on advanced technologies and electronics, Alat aims to bolster the nation’s capabilities in key sectors such as advanced industries, semiconductors, smart appliances, healthcare devices, and infrastructure development. Championed by HRH Crown Prince, the company seeks to enhance Saudi Arabia’s technological sector while promoting local content and attracting investment opportunities.
Through strategic partnerships with international manufacturing and technology leaders, Alat endeavors to transform the global industrial landscape by offering sustainable solutions powered by clean energy. By manufacturing a diverse range of products across vital sectors such as robotics, communication systems, and digital entertainment, Alat aims to strengthen local innovation, research, and development while creating job opportunities and boosting economic growth.
Furthermore, Alat is committed to providing sustainable manufacturing solutions to international companies, leveraging Saudi Arabia’s clean energy resources to achieve carbon neutrality goals by 2060. This initiative not only aligns with PIF’s aim to diversify the economy and promote sustainable growth but also reinforces Saudi Vision 2030’s strategic objectives.
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