Saudi Arabia’s ambitious transformation under Vision 2030 has already brought significant change and growth to the country’s economy and society, with technology, tourism and sports attracting global attention . Saudi Arabia has now set its sights on advanced manufacturing, and one company, Alat (Arabic for “machine”), is taking the lead in making the country a new global center for advanced and sustainable industry.
Driven by a $100 billion investment from Saudi Arabia’s Public Investment Fund (PIF), Alat was founded to become a world-class company focused on developing electronics and advanced industrial production in Saudi Saudi Arabia, while pioneering Industry 4.0 technology and the use of clean energy in Saudi Arabia. manufacturing.
AI and Industry 4.0 technology provide manufacturers with an unprecedented opportunity to transform their operations. The Industry 4.0 technology market is expected to reach $327.8 billion by 2030, as manufacturing companies deploy AI, robotics and other technologies for automation, increased efficiency and ‘other advantages. At the same time, manufacturers are looking to improve the sustainability of their operations and are seeking greater resilience and flexibility in their supply chains.
All of these factors require significant long-term investment, as well as expertise to make the most of cutting-edge technologies, sustainability practices and new supply chain strategies. Many companies are seeking partnerships that will bring investment capital and know-how around the future of the industry.
Alat has already partnered with several global leaders in advanced manufacturing to work together on these challenges. By partnering with these world-renowned companies and R&D centers in Saudi Arabia, Alat is developing best-in-class manufacturing expertise that will benefit all its current and future partners. By fostering best practices around Industry 4.0 and the use of the latest manufacturing technologies, as well as introducing new approaches focused on sustainable operations and supply chain resilience, Alat and its partners are paving the way for path to industry transformation.
One of the first deals announced by Alat is a strategic partnership with SoftBank Group, the Japanese investment company, which will focus on the next generation of industrial robots. The partnership will build industrial robots based on intellectual property developed by SoftBank Group and its subsidiaries. These robots will be able to perform a wide range of tasks with only minimal additional programming. The robots are ideally suited for industrial assembly and similar applications in manufacturing and production environments.
The facility where they will be produced is just as important as these robots. Alat and Softbank will create a “flagship factory” — a facility where Industry 4.0 technology will enable substantial gains in production, agility, scalability and efficiency, and which will serve as an example for the entire manufacturing sector. By deploying the latest technologies and developing operational procedures to maximize the returns from these technologies, Alat intends to raise the bar for next-generation manufacturing, with lessons and solutions that can be applied across its operations and activities.
Besides cutting-edge technology, another essential element of Alat is the use of clean energy and sustainable practices to become a leader in sustainable manufacturing. Saudi Arabia has a long history of heavy industry around petrochemicals, but the advanced technology and electronics manufacturing led by Alat will benefit from being a new industry, free of legacy infrastructure. The production facilities will be able to harness Saudi Arabia’s solar energy potential to harness clean energy sources – energy sources that are currently being developed through more than $266 billion in investment in ‘clean energy.
Alat will also implement sustainability best practices in all facets of its processes, which incorporate the latest Industry 4.0 thinking to enable sustainable manufacturing. This approach will be combined with next-generation innovations in the production phase to include remanufacturing, material substitution, recycling and reduction of yield losses.
Through the combination of advanced technologies, best practices and commitment to sustainability, Alat is reinventing manufacturing for a better future.
ALAT: Transforming Saudi Arabia through sustainable technology
This article was created by ALAT with Insider Studios
businessinsider
