Prime Highlights:
Lenovo to manufacture millions of PCs and servers annually in Saudi Arabia by 2026.
The deal follows the completion of a $2 billion investment partnership with Alat, a Public Investment Fund subsidiary.
Key Background:
Lenovo, the global technology giant, is poised to begin manufacturing millions of computer devices in Saudi Arabia by 2026, following the completion of a $2 billion investment deal with Alat, a subsidiary of the Saudi Public Investment Fund (PIF). Initially announced in May 2024, the partnership has now received full shareholder and regulatory approvals, enabling the establishment of both a regional headquarters and a state-of-the-art manufacturing facility in the Kingdom.
This partnership aligns with Saudi Arabia’s Vision 2030, which focuses on economic diversification, innovation, and job creation. Lenovo’s new manufacturing hub in Saudi Arabia will focus on producing PCs and servers, utilizing local research and development teams to create fully “Saudi Made” products. The factory is projected to commence production by 2026 and will manufacture millions of devices annually.
Yang, a representative from Lenovo, highlighted the importance of this collaboration, noting that the investment will significantly contribute to the company’s growth, especially within the Middle East and Africa (MEA) region. He emphasized that the partnership will leverage Lenovo’s world-class supply chain, technology, and manufacturing capabilities to support Saudi Arabia’s industrial development goals.
Amit Midha, CEO of Alat, praised the partnership, calling it a milestone for both companies. He expressed confidence that the manufacturing facility, powered by clean energy, will elevate Lenovo’s potential across the MEA region. The venture is expected to create thousands of jobs and strengthen the region’s technological ecosystem. Moreover, it will attract additional investment into the Middle East and Africa, further supporting the growth of the tech sector. This collaboration follows Lenovo’s recent $1.15 billion fundraising initiative, signaling strong investor confidence in the company’s future growth strategy.
