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Alat & SoftBank Forge Robotics Partnership in Kingdom

Alat & SoftBank Forge Robotics Partnership in KingdomAlat has announced the establishment of a strategic partnership with SoftBank Group Corp. (“SoftBank Group”) to establish a next generation industrial automation business in the Kingdom of Saudi Arabia that will manufacture groundbreaking industrial robots.

Alat, headquartered in Riyadh, has been established to create a global champion in electronics and advanced industrial segments and is mandated to create world class manufacturing enabled by global innovation and technology leadership. With an allocated investment budget of US$100 billion, Alat is partnering with global technology leaders to transform industries while establishing world class businesses in the Kingdom, powered by clean energy.

Alat has announced the creation of a joint venture with SoftBank Group that will manufacture industrial robots for a wide variety of industrial manufacturing and assembly processes that will radically transform manufacturing. The partners will invest up to US$150 million to establish a fully automated manufacturing and engineering hub in Riyadh that will serve local and global demand. The first factory is targeted to open in December 2024.

Amit Midha, CEO of Alat, said, “We want this to be the start of a gamechanger for manufacturing around the world. Together with SoftBank Group, we see an immense market opportunity for robotics both in the Kingdom, the Gulf, and globally. With this initial set-up, we predict a contribution of 1 billion dollars to Saudi Arabia’s GDP by 2025. Our ambition is to fundamentally transform industrial manufacturing by robots, manufactured in the Kingdom.”

Masayoshi Son, Chairman and CEO of SoftBank Group, said, “The combination of Saudi Arabia’s vision, economic growth, and leading logistics location coupled with abundant access to green energy and Alat’s mandate to manufacture sustainably, made this strategic partnership between us very compelling. Today’s announcement marks a historic milestone for how future manufacturing will take place.”

The new JV will build industrial robots based on intellectual property developed by SoftBank Group and its affiliates that will perform tasks with minimal additional programming, that are ideally suited for industrial assembly and applications in manufacturing and production. The robot manufacturing factory that the JV will create in the Kingdom is a lighthouse factory that will use the latest technology to manufacture unprecedented next generation robots to perform a wide variety of tasks.

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Vidushi Saxena

Passionate journalist with a Bachelors in Journalism and Mass Communication, dedicated to crafting compelling news articles and avidly exploring the dynamic world of current affairs through insightful blog readings. Embracing the power of words to inform and inspire.

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