The Saudi Crown Prince inaugurates ‘Alat’ initiative to facilitate the transformation of the Kingdom into a hub for electronics and advanced industries.

Saudi Crown Prince Mohammed bin Salman has revealed the introduction of a new Public Investment Fund company named “Alat.” This company is geared towards advancing Saudi Arabia’s ambition to become a global center for sustainable technology manufacturing, emphasizing advanced technologies and electronics, as reported by the Saudi Press Agency.

Alat’s focus will be on producing goods catering to both local and international markets across seven strategic business units: advanced industries, semiconductors, smart appliances, smart health, smart devices, smart buildings, and next-generation infrastructure.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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