Riyadh – An innovative company focused on transforming global industries by creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, and Lenovo celebrates its broken grounds at a new manufacturing hub in Riyadh, Saudi Arabia. I celebrated. The factory will be built on the 200,000 square metre campus site of “Riyadh Integrated” operated by the Special Integrated Logistics Zone (SILZ), and design, build and build millions of “Saudi Arabia-made” laptops and desktops, as well as the factory. , construction, and server production. It operates to high sustainability standards. Today’s celebration follows the contract deadline announced on January 8, 2025, shareholders and regulatory approvals, along with the first announced strategic cooperation agreement, with the investment of US$2 billion (three years). (due to zero coupon conversionable bonds); May 2024.
The new manufacturing hub, scheduled to begin production in 2026, is just 15 minutes from Riyadh International Airport in the Kingdom’s Special Integrated Logistics Zone (SILZ). Complement Lenovo’s extensive manufacturing footprint in over 30 factories around the world, spanning Argentina, Brazil, China, Germany, Hungary, India, Japan, Mexico and the US, further increasing supply chain resilience and flexibility . The new manufacturing hub also allows Lenovo to approach customers in the Middle East and Africa (MEA) regions. Lenovo is highly regarded for its supply chain excellence, and has consistently been featured as one of the world’s top supply chains in all industries, and recently ranked 10th in the list of the top 25 supply chains in the world by Gartner is ranked in. The new factory in Riyadh will build on Lenovo’s existing presence in the region, allowing the company to deliver industry-leading products, services and solutions to the market more quickly, and will be able to provide key IT and solutions in the MEA region. You can take advantage of the growth momentum of the business services industry. .
This partnership’s commitment to Saudi Arabia will directly link to PIF’s Strategy and Vision 2030 to significantly contribute to the Kingdom’s economic goals. It is projected to create up to 15,000 direct jobs and 45,000 indirect jobs, supporting sustainable growth and national development. – Contribution of up to $10 billion in GDP by 2030. Additionally, Lenovo has established the Regional Middle East and Africa Headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia (KSA), with flagship retail space to serve regional and subsequent customers, as well as both the KSA and MEA regions. expands investment in research and development (R&D) as well as marketing and strategic partnerships.
Former Qing Yang, chairman and CEO of Lenovo, said: . We look forward to having Alat as a long-term strategic partner and we are confident that world-class supply chain capabilities and innovation will benefit KSA. Creation. ”
Amit Midha, CEO of Alat said: Alat and Lenovo have also entered business development partnerships that leverage Alat’s extensive relationships in the region and local market insights. With the establishment of a regional headquarters in Riyadh and a world-class manufacturing hub equipped with clean energy in the Kingdom of Saudi Arabia, we hope that the Lenovo team will promote possibilities across the MEA region. ”
Lenovo Investment is one of ALAT’s many planned investments by 2030 to benefit from the rapid development of this sector in Saudi Arabia and to increase the capabilities of the technology sector. The company will also empower the private sector and strengthen the commercial environment through its business systems and partnerships with leading international technology manufacturers.
ALAT innovates and creates manufacturing capabilities across nine business units. These include semiconductors, smart devices, smart buildings, smart appliances, smart health, electrification, advanced industries, next-generation, and AI infrastructure. The company manufactures products in 34 categories of nine business units. Alat has appointed some of the world’s most experienced global industry experts to lead each of the ALAT business units.
