Riyadh - Sharikat Mubasher: Alat, the Saudi manufacturing company owned by the Public Investment Fund (PIF), signed a memorandum of understanding (MoU) with New Murabba to explore developing and integrating advanced technology solutions to support the delivery of The Mukaab.

Through this partnership, both parties will join hands to develop leading-edge technologies that offer an exceptional experience inside The Mukaab by integrating advanced systems that enable visitors to embark on a fully immersive digital journey, as reported by the Saudi Press Release (SPA).

Alat and New Murabba will also explore advanced vertical transportation solutions, including next-generation elevator and escalator systems, to offer seamless, smart mobility within The Mukaab and other New Murabba developments.

Moreover, the partnership will explore the feasibility of establishing reliable, flexible, and resilient production facilities within the Kingdom, in addition to considering optimal funding strategies for initial investments in hardware and R&D.