Lenovo Nears Completion of One of its Largest and Most Advanced Global Factories in Saudi Arabia

Winston Cheng, Chief Financial Officer of Lenovo (Photo: Turky Alagili)
Winston Cheng, Chief Financial Officer of Lenovo (Photo: Turky Alagili)
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Lenovo Nears Completion of One of its Largest and Most Advanced Global Factories in Saudi Arabia

Winston Cheng, Chief Financial Officer of Lenovo (Photo: Turky Alagili)
Winston Cheng, Chief Financial Officer of Lenovo (Photo: Turky Alagili)

Lenovo has announced that it is close to completing one of its largest and most advanced manufacturing facilities worldwide in the Saudi capital Riyadh, as part of an investment worth hundreds of millions of dollars. The move marks a major strategic expansion for the Chinese technology giant in the region.

Winston Cheng, Chief Financial Officer of Lenovo, told Asharq Al-Awsat that the new plant will be the company’s “most comprehensive” facility globally, integrating production lines for desktop and laptop computers, smartphones, and servers in a single location.

The factory, covering 200,000 square meters, is being built at Riyadh Integrated — a site managed by the Special Integrated Logistics Zone (SILZ) — and has been designed according to the highest sustainability standards. Once operational, it will produce millions of desktops, laptops, and servers bearing the “Made in Saudi Arabia” label.

The project is being developed in partnership with ALAT, a subsidiary of the Public Investment Fund (PIF) specializing in driving industrial transformation in the Kingdom.

Cheng said the project is progressing rapidly, noting that around 2,000 employees have already been hired within nine months and that construction is nearing completion. Pilot production tests are expected to begin in December, with full-scale commercial operations slated for the second half of next year.

According to Cheng, the company has imported 10,000 tons of steel for construction and installed 12 megawatts of rooftop solar panels to ensure compliance with environmental, social, and governance (ESG) standards.

He stressed that Lenovo aims for the facility to serve as a regional model of low-cost, sustainable manufacturing.

The project follows the completion of a $2 billion investment deal announced in January 2025, after receiving shareholder and regulatory approvals. The investment was made through three-year, zero-interest convertible bonds.

Cheng explained that the new factory is part of Lenovo’s broader plan to expand its presence across the Middle East, noting that the company has relocated its regional headquarters from the United Arab Emirates to Riyadh and is establishing research and development centers alongside the production plant.

He highlighted that employing Saudi talent is a cornerstone of Lenovo’s partnership with the local government, adding that the company’s rapid progress “would not have been possible without the contribution of local expertise.”



China Widens Foreign Investment Incentive List to Stem Falling Inflows

People visit a shopping center in Beijing on December 20, 2025. (AFP)
People visit a shopping center in Beijing on December 20, 2025. (AFP)
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China Widens Foreign Investment Incentive List to Stem Falling Inflows

People visit a shopping center in Beijing on December 20, 2025. (AFP)
People visit a shopping center in Beijing on December 20, 2025. (AFP)

China on Wednesday listed more sectors eligible for foreign investment incentives, from tax breaks to preferential ​land use, in its latest effort to stem a prolonged decline in overseas capital inflows.

Under the 2025 edition of the catalogue of industries for encouraging foreign investment, China added more than 200 and revised about 300, with a ‌focus on ‌advanced manufacturing, modern services and ‌green ⁠and ​high-tech ‌sectors, the list jointly issued by the National Development and Reform Commission and the commerce ministry showed.

The new catalogue, which takes effect on February 1, 2026, replaces the 2022 version and continues a policy framework ⁠that offers foreign-invested enterprises tariff exemptions on imported equipment, preferential ‌land pricing, reduced corporate income ‍tax rates in ‍designated regions and tax credits for reinvestment ‍of profits.

The catalogue also extends incentives to central and western regions, as well as the northeast and Hainan, as Beijing seeks to attract ​more foreign investment into less developed areas.

China has in recent months ⁠taken a raft of measures to boost foreign investment, including pilot programs in Beijing, Shanghai and other regions to expand market access in services such as telecoms, healthcare and education, amid trade tensions with the United States.

Foreign direct investment in China totaled 693.2 billion yuan ($98.84 billion) from January to November this year, down 7.5% from the ‌same period last year, data from the commerce ministry showed.


Environment Ministry Launches Saudi Citrus Season with Production Exceeding 158,000 Tons

The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)
The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)
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Environment Ministry Launches Saudi Citrus Season with Production Exceeding 158,000 Tons

The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)
The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)

The Saudi Ministry of Environment, Water and Agriculture launched on Wednesday the Kingdom’s citrus season in local markets as part of its efforts to support and develop the agricultural sector and enhance food security in the country, in line with the Saudi Vision 2030.

The is part of the ministry’s ongoing efforts to support national agricultural products, raise awareness of citrus varieties and their nutritional benefits and production areas, and highlight their year-round diversity across production seasons.

These efforts help in improving marketing efficiency, boost competitiveness, and achieve rewarding economic returns.

Citrus fruits are among the most widely cultivated crops in the Kingdom. They are grown in several regions that produce a variety of citrus types, most notably lemons, oranges, mandarins, grapefruit, citron, and kumquats.

The ministry said lemon production leads Saudi citrus output, with total production exceeding 123,000 tons and more than 1.5 million fruit-bearing trees. Orange production follows, with total output reaching 35,700 tons and more than 397,000 fruit-bearing trees.

The citrus production season in the Kingdom begins in July and continues through March each year, it added.

The ministry said the Saudi citrus season has been launched with a number of major retail markets across the Kingdom showcasing local products through innovative packaging and display methods. This boosts the quality and reliability of local products and increases consumer demand during production seasons.


SLB Awarded 5-Year Contract to Stimulate Unconventional Gas in Saudi Arabia

SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)
SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)
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SLB Awarded 5-Year Contract to Stimulate Unconventional Gas in Saudi Arabia

SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)
SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)

Global technology company, SLB, has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields, the company said in a statement on Tuesday.

The move is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally, it said.

The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia’s unconventional gas resources - a cornerstone of the Kingdom’s strategy to diversify its energy portfolio and support the global energy transition.

“This agreement is an important step forward in Aramco’s efforts to diversify its energy portfolio in line with Vision 2030 and energy transition goals,” said Steve Gassen, SLB executive vice president.

“With world-class technology, deep local expertise, and a proven track record in safety and service quality, SLB is well positioned to deliver tailored solutions that could help redefine operational performance in the development of Saudi Arabia’s unconventional resources,” he added.

These solutions provide the tools to work toward new performance benchmarks in unconventional gas development.

SLB is a global technology company that drives energy innovation for a balanced planet.

With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, it works on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition.