Alat and Lenovo Break Ground on Major New Manufacturing Facility in Saudi Arabia

Alat, an innovative company focused on transforming global industries by creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, and Lenovo, a global technology powerhouse, today celebrated breaking ground at the new manufacturing base in Riyadh.
 According to a press release issued today by Alat, the factory will be constructed on a 200,000 sqm campus site at “Riyadh Integrated” operated by Special Integrated Logistics Zone (SILZ) and will produce millions of “Saudi Made” laptops and desktops, as well as servers in a factory designed, constructed, and operated to high standards of sustainability.
 Today’s celebration follows the deal closing that was announced on January 8, 2025, following shareholder and regulatory approvals, and marks the completion of the US$2 billion investment (via three-year zero-coupon convertible bonds) alongside the strategic collaboration agreement that was initially announced in May 2024.
 The release said that the new manufacturing hub, which is expected to begin production in 2026, will be located just 15 minutes from Riyadh´s international airport in the Kingdom’s Special Integrated Logistics Zone (SILZ).
 This partnership’s commitment to Saudi Arabia will significantly contribute to the Kingdom’s economic goals, aligning directly with PIF’s strategy and Vision 2030. It is projected to create up to 15,000 direct jobs and 45,000 indirect jobs, supporting sustainable growth and national development, with a cumulative non-oil GDP contribution of up to $10 billion by 2030.
 Lenovo will also establish a regional Middle East and Africa headquarters in Riyadh.
 The Lenovo investment is one of Alat´s many planned investments by 2030 to enhance the capabilities of the technological sector, benefiting from the rapid development of this sector in Saudi Arabia. The company will also empower the private sector and enhance the commercial environment through its business systems and partnerships with leading international technology manufacturers.
 Alat is innovating and creating manufacturing capabilities across nine business units: semiconductors, smart devices, smart buildings, smart appliances, smart health, electrification, advanced industrials, next generation and AI infrastructure. The company will manufacture products in 34 categories in nine business units.