{"id":83649,"date":"2024-02-21T00:00:00","date_gmt":"2024-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/"},"modified":"2024-02-21T00:00:00","modified_gmt":"2024-02-21T00:00:00","slug":"pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/","title":{"rendered":"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive"},"content":{"rendered":"

A shot in the arm for sustainable tech manufacturing:<\/strong> Alat, the new advanced manufacturing investment platform launched by the Public Investment Fund (PIF), announced four new global partnerships under a plan to create a sustainable manufacturing hub in the Kingdom, it said in a statement<\/a> yesterday. Alat plans to invest USD 100 bn through 2030. <\/p>\n

A breakdown of the partnerships: <\/strong><\/p>\n

#1- Industrial robots with Softbank:<\/strong> Alat will invest USD 150 mn with Japanese technology investment giant Softbank to create an industrial automation venture that will manufacture advanced industrial robots. The fully automated manufacturing and engineering hub will cater local and global demand. It is set to open in December of this year, according to the statement.<\/p>\n

#2- And another with Dahua Technology:<\/strong> Alat will invest USD 200 mn with Chinese surveillance technology firm Dahua Technology to manufacture surveillance hardware through a joint venture. They will \u201cproduce and market solutions for safety and surveillance use\u201d in smart cities, it added.<\/p>\n

#3- A manufacturing facility with Carrier:<\/strong> Alat will develop a manufacturing and research and development facility here with air conditioner maker Carrier. Its production will include advanced heating, ventilation and air conditioning solutions with the aim of increasing energy efficiency and curbing emissions.<\/p>\n

#4- Tahakom is in, too: <\/strong>Alat will partner up with Saudi Technology and Security Comprehensive Control Coman (Tahakom) to accelerate smart mobility and smart cities solutions. Tahakom provides intelligent transport systems, AI, and advanced safety solutions.<\/p>\n

Paving the way for sustainable manufacturing:<\/strong> \u201cIn conjunction with our international and regional partners, the first four of which we proudly announce today, we will redefine sustainable manufacturing. Alat\u00b4s mandate is focused on harnessing the Kingdom\u00b4s solar, wind and green hydrogen clean energy,\u201d Alat Global CEO Amit Midha said.<\/p>\n

We\u2019re not tech buyers, but producers:<\/strong> \u201cSaudi Arabia is no longer going to buy the technology. It is going to be building the technology,\u201d Industry and Resources Minister Bandar Alkhorayef said in Alat\u2019s event in statements picked up by Reuters.<\/p>\n

About Alat: <\/strong>The PIF unit was set up earlier this month<\/a> with focus on seven sectors, including \u201cadvanced industries and semiconductors, smart appliances, smart health, smart devices and smart buildings, in addition to next generation infrastructure.\u201d It aims to contribute USD 9.3 bn in direct non-oil GDP by 2030 and create 39k jobs, according to its website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alat plans to invest USD 100 bn to boost technological capabilities by 2030<\/p>\n","protected":false},"author":1,"featured_media":83650,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[2669,10,392,1151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-alat","tag-enterpriseam-ksa","tag-manufacturing","tag-public-investment-fund-pif","wpautop","entry"],"acf":{"mongo_id":"4a3cbdd1-60dd-4955-bd83-a2f9d378e836","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1996.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alat announces four new global partnerships to accelerate sustainable tech manufacturing","related_issue":[83643],"teaser":"Alat plans to invest USD 100 bn to boost technological capabilities by 2030","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.42a28b5f-cf95-4b75-bf16-073d32f99e72.mp3"},"yoast_head":"\nPIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive\" \/>\n<meta property=\"og:description\" content=\"Alat plans to invest USD 100 bn to boost technological capabilities by 2030\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive\",\"datePublished\":\"2024-02-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\"},\"wordCount\":396,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alat\",\"EnterpriseAM KSA\",\"manufacturing\",\"Public Investment Fund (PIF)\"],\"articleSection\":[\"MANUFACTURING\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\",\"name\":\"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-02-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/","og_locale":"en_US","og_type":"article","og_title":"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive","og_description":"Alat plans to invest USD 100 bn to boost technological capabilities by 2030","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/","og_site_name":"KSA","article_published_time":"2024-02-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive","datePublished":"2024-02-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/"},"wordCount":396,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1","keywords":["Alat","EnterpriseAM KSA","manufacturing","Public Investment Fund (PIF)"],"articleSection":["MANUFACTURING"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/","name":"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1","datePublished":"2024-02-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/21\/pif-platform-alat-announces-first-four-intl-partners-under-sustainable-tech-manufacturing-drive\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"PIF platform Alat announces first four int\u2019l partners under sustainable tech manufacturing drive"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1996.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/83649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=83649"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/83649\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/83643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/83650"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=83649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=83649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=83649"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=83649"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=83649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}