As global businesses seek to reduce their emissions and move towards zero-carbon manufacturing, one company in Saudi Arabia is developing the solutions they need to deliver on their visions.

Chinese technology giant Lenovo Group broke ground on a new manufacturing facility in Riyadh, Saudi Arabia. It is in ...

Saudi Arabia is emerging as a manufacturing destination for electronics and advanced industrial equipment and that can deliver on all counts. Alat is building a world-class sustainable ...

Saudi Arabia - Alat, a unit of Saudi wealth fund PIF, today (February 24) entered into an agreement with TK Elevator (TKE), a global leader in vertical transportation and urban mobility, for setting ...

Saudi Arabia's new advanced industries firm Alat has bought a 15% stake in Germany's TK Elevator and unveiled a 160 million euros ($166.62 million) joint venture for elevators and escalator ...

In a statement, Alat said the JV will bring mobility products, solutions and manufacturing to Saudi Arabia, supported by a local product development center. Alat will also become a direct TKE ...

The project, backed by a $2 billion investment from Alat, a subsidiary of Saudi Arabia's Public Investment Fund, is expected to go into operation by 2026. Once operational, the facility is ...