Alat Company, a wholly owned subsidiary of the Public Investment Fund in the Kingdom of Saudi Arabia, has entered into a partnership with four international companies in various fields, namely:
Dahua Technology, a Chinese video-focused company and artificial intelligence of things (AIoT) service provider, to develop smart technology solutions
SoftBank, a Japanese investment holding company, to establish an automation company
Carrier, an American intelligent climate and energy solutions company, to develop a manufacturing and R&D facility
“Tahkam”, a Saudi solutions provider powered by artificial intelligence, to provide smart mobility and smart city solutions