logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Alat launches electrification, AI infrastructure business units

Alat launches electrification, AI infrastructure business units

NOHA.GAD
May 7, 2024
Alat launched electrification and AI infrastructure business units to boost sustainable manufacturing capabilities

Riyadh - Sharikat Mubasher: Alat, a flagship company of the Saudi Public Investment Fund (PIF), launched two business units to boost sustainable manufacturing capabilities.

In a statement, the company revealed that the electrification and artificial intelligence (AI) infrastructure units will address the global demand for AI infrastructure and the urgent need to support global energy transition by strengthening electricity grid technology.

The electrification unit will focus on transmission and distribution technologies, in addition to the connection of renewable energy sources to the grid and the latest technologies for gas and hydrogen generation and compression.

The AI infrastructure unit will focus on the technology necessary for AI capabilities and will include network and communications equipment, servers, data center networking equipment, data center storage, industrial edge servers, and Industry 4.0 computing.

This unit will contribute to Alat’s advanced technology goals, along with manufacturing solutions for the company’s customers.

Amit Midha, Global CEO of Alat, affirmed that the new units will make a significant contribution to Alat’s overall strategic goal of developing an advanced and sustainable future for the industry.

It is worth noting that Alat now has nine business units focused on sustainable technology manufacturing.

Tags

Share

Attract clients with your ad

Start Now

Trending

Insulet launches MENA regional headquarters in Riyadh
MUBASHER.SA
SHUAA Capital pacts with Key Capital to support MENA’s VC secondaries market
MUBASHER
Monsha’at celebrates graduation of 20 university startups from PNU
MUBASHER.SA
Drahim receives SAMA license to provide open banking services
MUBASHER.SA
SAMA greenlights Madark to provide BNPL solutions
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
May 11, 2026
SHUAA Capital pacts with Key Capital to support MENA’s VC secondaries market
Read More
Private Equities News
Calendar Icon
May 10, 2026
Flat6Labs, Cityscape Egypt to launch 3rd edition of Egypt PropTech Challenge
Read More
Private Equities News
Calendar Icon
May 10, 2026
Ninja enlists multiple banks for potential $1bn IPO in early 2027
Read More
Private Equities News
Calendar Icon
May 10, 2026
UN to establish Global Center for Digital Government in Riyadh
Read More
Private Equities News
Calendar Icon
May 6, 2026
Aramco, solutions by stc to deploy next-generation supercomputer by 2027
Read More
Private Equities News
Calendar Icon
May 6, 2026
Legaline launches as UAE’s 1st AI-native legaltech platform
Read More
Private Equities News
Calendar Icon
May 6, 2026
FAB, Temenos strengthen relations to drive digital banking in Saudi Arabia
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher