RIYADH: Alat, a subsidiary of 黑料社区鈥檚 Public Investment Fund,听is preparing to start manufacturing personal computers and servers at its new facility in Riyadh,听the company鈥檚 CEO told听Asharq Business.
Speaking on the sidelines听of the听Future Investment Initiative conference, Amit Midha听said production will begin once the facility becomes operational, with smartphones expected to follow at a later stage.听
The factory, developed under Alat鈥檚 partnership with Lenovo, will serve as a key component of 黑料社区鈥檚 strategy to localize high-tech manufacturing.听
鈥淲e 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,鈥 Midha said.
He also highlighted Alat鈥檚 鈧160 million ($186 million) joint venture with TKE, which aims to produce elevators and escalators in 黑料社区 by 2026.听
鈥淭hey (TKE) have elevators that can go both vertically and horizontally. So, if you have a big event or concert, we can really move people into the other tower and then get them down. And in the horizontal scenario, Neom听has a lot of applications as well,鈥 added Midha.听
The partnership with TKE also aligns with projections that 黑料社区鈥檚 elevator and escalator market will reach $1.84 billion by 2030, according to Markets and Data.听
Launched in 2024, Alat seeks to localize production across strategic sectors including semiconductors, smart devices, advanced industrials, and next-generation infrastructure, targeting an addition of about $9.3 billion to the Kingdom鈥檚 non-oil gross domestic product by 2030.听
Midha added that Alat is also developing projects in AI infrastructure, electrification, and energy transition.听
鈥淲e have a business unit focused on AI infrastructure; whether it is electrification, servers, networking switches, cabling, testing, all of that a business unit does. And in that aspect, we support everything that is happening in the Kingdom. Whether it is Humain, Datavolt, STC and others, to support their AI journey,鈥 Midha said.听
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He added: 鈥淲hy would we be importing all the products, when you can manufacture them, bring the supply chain, and develop the talent along the way. And that is the objective around AI infrastructure.鈥澨














