ALAT’S FOUR KEY PARTNERSHIPS

01. CARRIER

The agreement will leverage Alat’s financial strengths and Carrier’s technology and manufacturing capabilities to develop made-in-Saudi Arabia intelligent climate solutions, marking the first phase of the partnership with Alat. These offerings will address the continued growth of the HVAC industry in the Middle East and North Africa (MENA) region, which is expected to become a $10bn addressable market by 2030 – and a $334bn market globally by 2030 – driven by secular trends including urbanisation, sustainability and energy solutions, and digital transformation.

02. TAHAKOM

Tahakom, which already delivers intelligent transportation systems and cutting-edge safety solutions powered by artificial intelligence, will partner with Alat on combining their financial resources and technical capabilities to expedite the advancement of distinctive innovations within smart mobility and intelligent cities solutions, with focus on road and public safety – in alignment with Saudi Arabia Vision 2030.

This partnership will see both companies collaborating on solution designs, product specifications and leveraging R&D and innovation functions, as well as building technology roadmaps and cultivating both client and vendor relationships with a view to maximise operational and business efficiency. Finally, both companies will cooperate and support technology enablement, testing labs and demo centres.

03. DAHUA

Alat and Dahua Europe BV (Dahua), a subsidiary of Dahua Technology, which is a world leading videocentric AIoT solution and service provider, announced a strategic partnership to establish an industry leading vision-centric and AI powered business in Saudi Arabia.

The new business venture, Alat AIVisio Technology (AIVisio), plans to produce and market products and solutions for safety and surveillance use that are applicable in intelligent cities, as well as intelligent buildings and enterprise applications.

04. SOFTBANK

Alat has created 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 $150m 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.