Alat (company)
Native name | آلات |
|---|---|
| Company type | Private |
| Industry | Conglomerate |
| Founded | 1 February 2024 |
| Founder | Mohammed bin Salman |
| Headquarters | , |
Key people |
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| Products | Semiconductors Consumer Electronics |
| Owner | Public Investment Fund |
| Website | alat |
Alat (styled ALAT; Arabic: آلات) is a conglomerate based in Saudi Arabia. The company, which is owned by the Saudi Public Investment Fund, was founded in February 2024 by Crown Prince Mohammed bin Salman. Alat manufacturing will focus on 7 main business units: semiconductors, advanced industries, smart appliances, smart health, smart devices, smart buildings, and next-gen infrastructure.
As part of Saudi Vision 2030 goals to diversify the Saudi economy, Alat aims to create 39,000 jobs, in addition to contributing $9.3 billion to the GDP by the year 2030.