Saudi Arabia strategic Projects: news, discussions & updates

The idea of the advertising video from Messi about Saudi tourism is very wonderfulđź’ˇ

Post it on Instagram:

1- It received more than 1.46 million likes
2- More than 24 million views

The idea talks about destroying popular beliefs about tourism in Saudi Arabia, as well as about Saudi Arabia

The best advertising video I have ever seen for tourism đź‘Ź



 
A delegation of 30 British companies specialized in the field of financial technology is visiting Riyadh today, to explore investment opportunities in Saudi Arabia, conclude partnerships, and open regional headquarters. This delegation is considered among the largest delegations in the world to visit the region in this sector.

 
Do we dream? (right image)

We achieve.. (left image)





 
New very good news, the establishment of an Industry 4.0 machinery company ALAT

It is an advanced electronics company concerned with the domestic civil industries
Finally, KSA entered the world of industry through the largest gate, and the company will be interested in several sectors, namely:

1- Advanced industries (such as those related to electronics and IT)

2- Semiconductors (such as Intel and Taiwanese TSMC)

3- Smart home devices (such as Samsung and Korean LG)

4- Smart Health (such as the companies that manufacture X-ray devices: the American GE, the German Siemens, and the Japanese Hitachi)

5- Smart electronic devices (mobile phone companies such as Apple, Huawei, and Samsung)

6- Smart buildings (smart internal networks are created to control lighting and home appliances such as cameras, intercoms, etc.)

7- The new generation of infrastructure. (Industries that make cities smart, including communications and networks)

Seven strategic sectors that contribute to making the Kingdom a global center for sustainable industries and will serve the local and global market..
 
Bloomberg:

Saudi Arabia is making significant investments in chip manufacturing

The kingdom is committed to transforming itself from an oil-dependent economy into a powerhouse that makes money from everything from technology to minerals, mining and tourism.

Saudi Arabia has appointed a former Dell Technologies executive to lead a new investment firm backed by $100 billion in capital from the Public Investment Fund, which was created to pump money into everything from technology to semiconductors and capital goods.

Amit Midha, former head of global digital cities in Asia Pacific and Japan at Dell Technologies, has been appointed CEO of the new entity.

“Al Alat Company is focused on transforming leading global companies and building a world-class sustainable industrial and electronics hub in Saudi Arabia,” Midha wrote.

The company will be chaired by Crown Prince Mohammed bin Salman, and is scheduled to officially launch on February 20, with the first wave of investments announced.

It expects to sign deals with major international players and invest in large industrial companies that the Kingdom wants to see set up locally.

The Public Investment Fund is looking to make a “major investment” this year in the semiconductor industry, Saudi Minister of Communications and Information Technology Abdullah Al-Sawaha said in an interview at the World Economic Forum in Davos last month.

The latest initiative underscores Saudi Arabia's commitment to transforming itself from an oil-dependent economy into a powerhouse that makes money from everything from technology to metals, mining and tourism.

The Public Investment Fund has quickly amassed $700 billion in assets and aims to control $1 trillion in 2025.

Another major ambition for Saudi Arabia is to develop an automobile manufacturing center on the west coast.

 
Global CEO of “ALAT” Company #Saudi Arabia, Amit Medha during the company’s launch ceremony: We, with our partners “Carrier”, “Control” and “Softbank”, will establish a factory to build the next generation of robots, with the factory opening on December 18, 2024.

 
Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef during the launch ceremony of the “ALAT” company: #Saudi Arabia will no longer buy technology, but will develop it, and when we look around us, we find that the Kingdom is one of the most competitive places for investment, if not the most.

 
Global CEO of Alat Saudi Arabia, Amit Medha, during the company’s launch ceremony: We are committed to investing $100 billion by 2030, which will provide 39,000 direct job opportunities.

 
ALAT's Press Launch Event

 
Najla Al-Saif, CEO of Human Capital at ALAT Company, told Al-Sharq: We plan to establish cooperation programs in the field of training that will end with employment at #Machines during the current year, and women will constitute at least 30% of our employees, and 50% of the jobs will be For Saudis..

 
Saudi Arabia is localizing the technology industry through the “Alat” company, owned by the Public Investment Fund, with an investment plan worth more than $100 billion until 2030.

 
The #Saudi_Public_Investment_Fund aims to create a qualitative shift in 7 strategic sectors by launching “Alakat”, which aims to contribute to the non-oil GDP by $9.5 billion by 2030... Learn about these sectors..

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