- Alat and Lenovo CEOs formally inaugurate the land the place the brand new manufacturing unit will likely be in-built Riyadh
- The manufacturing unit will manufacture hundreds of thousands of laptops and desktops, in addition to servers
- The partnership between Lenovo and Alat will create as much as 15,000 direct jobs and as much as 45,000 oblique jobs
Riyadh – Alat, an progressive firm targeted on remodeling international industries by making a world-class manufacturing hub within the Kingdom of Saudi Arabia, and Lenovo, a world expertise powerhouse, at this time celebrated breaking floor on the new manufacturing base in Riyadh, Saudi Arabia. The manufacturing unit will likely be constructed on a 200,000 sqm campus website at “Riyadh Built-in” operated by Particular Built-in Logistics Zone (SILZ) and can produce hundreds of thousands of “Saudi Made” laptops and desktops, in addition to servers in a manufacturing unit designed, constructed, and operated to excessive requirements of sustainability. At this time’s celebration follows the deal closing that was introduced on January 8th 2025, following shareholder and regulatory approvals, and marks the completion of the US$2 billion funding (by way of three-year zero-coupon convertible bonds) alongside the strategic collaboration settlement that was initially introduced in Could 2024.
The brand new manufacturing hub, which is anticipated to start manufacturing in 2026, will likely be situated simply quarter-hour from Riyadh´s worldwide airport within the Kingdom’s Particular Built-in Logistics Zone (SILZ). It’s going to complement Lenovo’s intensive manufacturing footprint of 30+ factories around the globe spanning Argentina, Brazil, China, Germany, Hungary, India, Japan, Mexico, and the USA, and additional enhance provide chain resilience and suppleness. The brand new manufacturing hub may even allow Lenovo to be nearer to prospects within the Center East and Africa (MEA) area. Lenovo is very regarded for its provide chain excellence, persistently that includes as one of many world’s prime provide chains, throughout all industries – just lately being ranked by Gartner as #10 on its record of the world’s prime 25 provide chains. The brand new manufacturing unit in Riyadh will construct on Lenovo’s present presence within the area and allow the corporate to deliver its industry-leading merchandise, providers, and options to market extra shortly, capitalizing on the numerous IT and enterprise providers {industry} development momentum within the MEA area.
This partnership’s dedication to Saudi Arabia will considerably contribute to the Kingdom’s financial objectives, aligning immediately with PIF’s technique and Imaginative and prescient 2030. It’s projected to create as much as 15,000 direct jobs and 45,000 oblique jobs, supporting sustainable development and nationwide improvement, with a cumulative non-oil GDP contribution of as much as $10 billion by 2030. As well as, Lenovo will set up a regional Center East and Africa headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia (KSA), to serve prospects within the area and past, a flagship retail house, and develop investments in Analysis and Improvement (R&D) in addition to advertising and marketing and strategic partnerships in each KSA and the MEA area.
Yuanqing Yang, Chairman and CEO of Lenovo, stated: “By means of this highly effective strategic collaboration and funding with Alat, we achieve larger international presence, a powerful regional foothold, and the flexibility to capitalize on the unbelievable development momentum in KSA and the broader MEA area. We’re excited to have Alat as our long-term strategic associate and are assured that our world-class provide chain capabilities in addition to our innovation will profit KSA because it drives its Imaginative and prescient 2030 objectives of financial diversification, industrial improvement, innovation, and job creation.”
Amit Midha, CEO at Alat, stated: “We’re extremely proud to turn into a strategic investor in Lenovo and associate with them on their continued journey as a number one international expertise firm. Alat and Lenovo have additionally entered a enterprise improvement partnership which can leverage Alat’s intensive relationships within the area and native market perception. With the institution of a regional headquarters in Riyadh and a world class manufacturing hub, powered by clear vitality, within the Kingdom of Saudi Arabia, we anticipate the Lenovo group to additional their potential throughout the MEA area.”
The Lenovo funding is one among Alat´s many deliberate investments by 2030 to reinforce the capabilities of the technological sector, benefiting from the fast improvement of this sector in Saudi Arabia. The corporate may even empower the non-public sector and improve the industrial setting via its enterprise techniques and partnerships with main worldwide expertise producers.
Alat is innovating and creating manufacturing capabilities throughout 9 enterprise items, these embrace semiconductors, good gadgets, good buildings, good home equipment, good well being, electrification, superior industrials, subsequent era and AI infrastructure. The corporate will manufacture merchandise in 34 classes in 9 enterprise items. Alat has appointed a few of the world´s most skilled international {industry} consultants to steer every of the Alat enterprise items.
