Alat and Lenovo announce formal completion of $2bn megadeal

Lenovo and Alat have formally announced the completion of a $2bn megadeal that will see the Chinese multinational technology powerhouse establish their regional headquarters in Riyadh. A key feature in the agreement will see Lenovo set-up a sustainable manufacturing facility, which will serve as the main hub for them to produce ‘Saudi-Made’ products by 2026. The $2bn investment and strategic collaboration deal will see thousands of new jobs created across the KSA, and will only serve to further strengthen Lenovo’s supply chain and manufacturing capabilities across the entire Middle East region. In addition to this, the agreement is designed to …

https://www.tahawultech.com/news/alat-and-lenovo-announce-formal-completion-of-2bn-megadeal/

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