Board of Directors of Alat Company Appoints Amit Midha as CEO

Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Saudi Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund (PIF). (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Saudi Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund (PIF). (SPA)
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Board of Directors of Alat Company Appoints Amit Midha as CEO

Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Saudi Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund (PIF). (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Saudi Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund (PIF). (SPA)

The Board of Directors of Alat, chaired by Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Saudi Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund (PIF), announced Amit Midha as its global CEO.

Amit Midha is a global business leader who has built and transformed businesses in leadership roles across the globe, including China, the US, India, and Singapore. He joined Alat from Dell Technologies, where he was responsible for Dell's growth in Asia Pacific and Japan, overseeing a multi-billion-dollar business spanning more than 40 countries.

Alat aims to enhance the capabilities of the technological sector, benefiting from the rapid development of this sector in Saudi Arabia, which will increase the nation's ability to create investment opportunities. The company will empower the private sector and enhance the commercial environment through its business systems and partnerships with leading international technology manufacturers.

Midha said: “Alat's mandate is to transform the global electronics and advanced industrial industries by creating a sustainable manufacturing hub leveraging the Kingdom's solar, wind, and green hydrogen clean energy. We will passionately use technology to transform business by leveraging cutting-edge AI technology and Industry 4.0 best practices for manufacturing.”

“We will enable the realignment of practices and approaches to embrace sustainability and efficiency. This is not only using clean energy but also applying sustainability measures to all our operations, buildings, logistics, and supply chains, with sustainability at the core of everything we do,” he added.

Alat will focus on transforming global industries, electronics and advanced industries and creating a world-class manufacturing hub in the Kingdom. The company will deliver sustainable manufacturing to help international companies reduce emissions and move towards carbon-zero manufacturing.

It will deliver its mandate by partnering with the world's leading corporations to innovate and transform industries, with a commitment to and focus on using clean energy.

The name Alat is derived from the word “machines” and is relevant to manufacturing, electronics, and industries. Rooted in Arabic, the Alat logo and wordmark feature traditional Salmani architecture references with modern design elements, positioning the brand as contemporary for the next generation.



GCC Welcomes Agreement between Yemen Govt, Houthis

Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)
Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)
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GCC Welcomes Agreement between Yemen Govt, Houthis

Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)
Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)

Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi welcomed on Wednesday the agreement between the legitimate Yemeni government and Iran-backed Houthi militias to de-escalate the situation with regard to the Yemeni banking sector and airlines.

The agreement was announced by the United Nations Secretary-General's Special Envoy to Yemen, Hans Grundberg, on Tuesday.

Albudaiwi expressed the GCC's support for all regional and international efforts and the efforts led by the UN special envoy aimed at achieving peace and security in Yemen.

The announcement underscores the importance the international community attaches to the Yemeni crisis, he added, hoping the agreement will pave the way for Yemeni parties to start the political process, under UN auspices, to reach a comprehensive political solution that achieves security and stability in the country.

He reiterated the GCC's continued support and full solidarity with Yemen, its government and people, and its keenness to encourage all efforts to de-escalate and maintain stability in order to reach peace.