Alat announces 4 new partners in its $100bln tech investment.
Alat the newly established Tech enterprise has recently formed new partnerships with four well-known IT companies:
- Tahakom
- Dahua Technology.
- Carrier Corporation
- Softbank Group.
These companies have decided to collaborate towards accelerating the adoption of sustainable manufacturing processes, to reach carbon neutrality in their output.
Amit Midha, the global CEO of Alat, emphasized the company’s commitment to transforming the manufacturing industry through sustainable energy practices.
By utilizing renewable energy sources such as solar and wind power, as well as green hydrogen, Alat plans to revolutionize manufacturing by integrating artificial intelligence and technology from the fourth industrial revolution.
Alat has partnered with the following groups to achieve its goals:
- Softbank Group: to establish an industrial automation business in Saudi Arabia.
This joint venture will concentrate on developing innovative industrial robots, with an initial investment of up to $150 million.
The aim is to launch a fully automated manufacturing and engineering facility by December 2024.
- Carrier Corporation: a partnership to establish an innovative manufacturing and research and development facility.
The facility will be dedicated to advancing energy efficiency and reducing emissions in buildings.
This collaboration will bring about the latest HVAC solutions and generate more than 5,000 job opportunities in the local area.
- Dahua Technology Ltd: Alat and Dahua Technology will establish a joint venture, Alat AIVisio Technology Co. Ltd., to manufacture technology products for safety and surveillance applications.
A $200 million investment will support the creation of a state-of-the-art manufacturing facility in Saudi Arabia, focusing on vision-centric products for intelligent cities and enterprises.
- Tahakom: Collaborating with Tahakom, Alat seeks to advance smart mobility and intelligent city solutions aligned with Saudi Arabia’s Vision 2030.
This partnership will drive innovation in Intelligent Transportation Systems (ITS) and Artificial Intelligence (AI), fostering technological advancement in urban development.
Alat plans to innovate across seven business units, encompassing semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials, and next-gen infrastructure.
