Saudi Arabia’s Alat Boosts Sustainable Manufacturing Capabilities

Alat is a company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy. SPA
Alat is a company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy. SPA
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Saudi Arabia’s Alat Boosts Sustainable Manufacturing Capabilities

Alat is a company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy. SPA
Alat is a company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy. SPA

Alat, a PIF company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in Saudi Arabia, has announced the launch of two new business units - Electrification and AI Infrastructure.

Alat made the announcement in a press release on Monday. It said the two business units will address unprecedented global demand for AI infrastructure and the urgent need to support global energy transition by strengthening electricity grid technology.

Electrification is a key goal for Alat to not only strengthen grid technology for robust and increased use of technology, but also as the growth of electricity grows exponentially, with electricity being the key energy produced by solar, wind and hydrogen clean energy to power industrial processes, it said.

By combining Saudi Arabia’s rich resources of solar energy and other clean energy sources with electric powered industrial systems, Alat intends to manufacture solutions that will contribute significantly to the global energy transition and the decarbonization of industry, the statement added.

According to the statement, the Electrification business unit will focus on transmission and distribution technologies. It will also include the connection of renewable energy sources to the grid and latest technologies for gas and hydrogen generation and compression.

The AI Infrastructure business unit is focused on the technology necessary for AI capabilities and encompasses network and communications equipment, servers, data center networking equipment, data center storage, industrial edge servers, and industry 4.0 computing, said Alat.

The adoption of AI in combination with other industry 4.0 technologies, including robotics, will enable a leap forward in smart manufacturing and the creation of intelligent factories. The AI Infrastructure Business Unit will not only manufacture solutions for Alat customers but will also contribute to Alat’s advanced technology goals, it added.

"I am pleased to announce these two exciting new divisions as they will make a significant contribution to Alat’s overall strategic goal of developing an advanced, sustainable future for industry,” the statement quoted Global CEO at Alat Amit Midha as saying.



Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year, the General Authority for Statistics (GASTAT) announced Thursday.

In its flash estimates of the real GDP growth rate for Q3 of 2024, published on its official website, GASTAT said that oil activities grew by 0.3% in Q3 2024 compared to the same period of last year, while non-oil activities saw a positive growth of 4.2%.

Government activities also recorded a positive growth rate of 3.1% compared to the same quarter of last year.

The figures further indicated that seasonally adjusted real GDP for Q3 2024 rose by 0.8% compared to Q2 2024.