Latest news with #RiyadhIntegrated
ME Construction
4 days ago
- Business
- ME Construction
Egis appointed as PASC for Riyadh Integrated Project Phase 1 infrastructure
Consultant Egis appointed as PASC for Riyadh Integrated Project Phase 1 infrastructure By Located near King Khalid International Airport, the project holds immense importance as a future hub for trade, transportation, and advanced logistics Egis has announced its appointment as a Package Administration and Supervision Consultant (PASC) for Phase 1 of infrastructure works at Riyadh Integrated, operated by the Special Integrated Logistics Zone (SILZ) Company. The appointment is said to mark an important role for the Kingdom's aspirations to establish itself as a logistics leader. Situated near King Khalid International Airport, the project holds immense importance as a future hub for trade, transportation, and advanced logistics. Egis will collaborate with other supervision partners to oversee critical infrastructure works that form the backbone of Riyadh Integrated. These works include a comprehensive network of roads, utilities, landscaping, perimeter fencing, utility buildings, and key enabling works. Egis will ensure that all these works are planned and delivered with long term scalability and operational efficiency in mind. Abdulmohsen Aldhubaya, Construction Management GM at SILZ Company said, 'We are pleased to collaborate with Egis in the development of Phase 1 at Riyadh Integrated. This initial phase is a pivotal undertaking that will redefine benchmarks for integrated zones, both within the region and on a global scale. Through our partnership with leading experts like Egis, we are cultivating a dynamic platform that actively contributes to the Kingdom's ambitious diversification agenda and unlocks substantial growth opportunities across diverse sectors reliant on smart and sustainable infrastructure.' 'We are honoured to have been entrusted with this grand endeavour. Projects like Riyadh Integrated reflect a shift in how nations build for today's requirements and tomorrow's opportunities,' said Mohammed Ben Messaoud, Country Managing Director, Egis in Saudi Arabia. 'Our role in delivering technical oversight means we're focused on ensuring every element—whether visible or underground supports a more agile, connected, and investment-ready future. The success of this phase shows what can happen when our teams, working alongside our clients ensure that infrastructure is aligned with long-term economic strategy.' Riyadh Integrated, a flagship special logistics zone under SILZ Company's masterplan, aligns with Saudi Arabia's Vision 2030. Its connectivity, competitive business environment, and next-generation logistics capabilities will attract global investors, local supply chains, and new avenues for talent development and knowledge transfer, the statement noted.
Trade Arabia
5 days ago
- Business
- Trade Arabia
Egis lands big Riyadh Integrated Phase 1 Infrastructure role
Following the official inauguration of Phase 1 infrastructure of the Riyadh Integrated Project, Egis, a global leader in architecture, construction engineering, consulting and operations and maintenance services, has announced that it will serve as a Package Administration and Supervision Consultant (PASC) for the Phase 1 infrastructure works at Riyadh Integrated operated by the Special Integrated Logistics Zone (SILZ ) Company. This marks a major step forward for the kingdom's ambitions to become a global logistics leader. The project is strategically positioned near King Khalid International Airport, anchoring its role as a future hub for trade, transport, and advanced logistics. Egis will contribute to the oversight of critical infrastructure works that form the backbone of Riyadh Integrated in collaboration with other supervision partners. This includes a comprehensive network of roads, utilities, landscaping, perimeter fencing, utility buildings, and key enabling works, all planned and delivered with long-term scalability and operational efficiency in mind. Engineer Abdulmohsen Aldhubaya, the Construction Management GM at SILZ Company, said: "We are pleased to collaborate with Egis in the development of Phase 1 at Riyadh Integrated. This initial phase is a pivotal undertaking that will redefine benchmarks for integrated zones, both within the region and on a global scale." "Through our partnership with leading experts like Egis, we are cultivating a dynamic platform that actively contributes to the Kingdom's ambitious diversification agenda and unlocks substantial growth opportunities across diverse sectors reliant on smart and sustainable infrastructure," he stated. Riyadh Integrated is a flagship special logistics zone under SILZ Company's masterplan and aligns directly with Saudi Arabia's Vision 2030. Through seamless connectivity, a competitive business environment, and next-generation logistics capabilities, it is set to attract global investors, strengthen local supply chains, and create new opportunities for talent development and knowledge transfer. "We are honoured to have been entrusted with this grand endeavour. Projects like Riyadh Integrated reflect a shift in how nations build - for today's requirements and tomorrow's opportunities," said Mohammed Ben Messaoud, Country Managing Director, Egis in Saudi Arabia.
Zawya
10-02-2025
- Business
- Zawya
Alat, Lenovo break ground on major new Riyadh factory
Alat, an innovative company focused on creating a world-class manufacturing hub in Saudi Arabia, and Lenovo, a global technology powerhouse, today celebrated breaking ground at the new manufacturing base in Riyadh. The factory will be constructed on a 200,000 sqm campus site at 'Riyadh Integrated' operated by Special Integrated Logistics Zone (SILZ) and will produce millions of 'Saudi Made' laptops and desktops, as well as servers in a factory designed, constructed, and operated to high standards of sustainability, said the companies. The event follows the deal closing that was announced on January 8, following shareholder and regulatory approvals, and marks the completion of the $2 billion investment (via three-year zero-coupon convertible bonds) alongside the strategic collaboration agreement that was initially announced in May 2024, it said. The new manufacturing hub, which is expected to begin production in 2026, will be located just 15 minutes from Riyadh´s international airport in the kingdom's Special Integrated Logistics Zone (SILZ). It will complement Lenovo's extensive manufacturing footprint of 30+ factories around the world spanning Argentina, Brazil, China, Germany, Hungary, India, Japan, Mexico, and the USA, and further increase supply chain resilience and flexibility. The new manufacturing hub will also enable Lenovo to be closer to customers in the Middle East and Africa (MEA) region. Lenovo is highly regarded for its supply chain excellence, consistently featuring as one of the world's top supply chains, across all industries – recently being ranked by Gartner as #10 on its list of the world's top 25 supply chains. The new factory in Riyadh will build on Lenovo's existing presence in the region and enable the company to bring its industry-leading products, services, and solutions to market more quickly, capitalising on the significant IT and business services industry growth momentum in the MEA region, the companies said. This partnership's commitment to Saudi Arabia will significantly contribute to the kingdom's economic goals, aligning directly with PIF's strategy and Vision 2030. It is projected to create up to 15,000 direct jobs and 45,000 indirect jobs, supporting sustainable growth and national development, with a cumulative non-oil GDP contribution of up to $10 billion by 2030. In addition, Lenovo will establish a regional Middle East and Africa headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia (KSA), to serve customers in the region and beyond, a flagship retail space, and expand investments in R&D as well as marketing and strategic partnerships in both KSA and the MEA region. Yuanqing Yang, Chairman and CEO of Lenovo, said: 'Through this powerful strategic collaboration and investment with Alat, we gain greater global presence, a strong regional foothold, and the ability to capitalize on the incredible growth momentum in KSA and the wider MEA region. We are excited to have Alat as our long-term strategic partner and are confident that our world-class supply chain capabilities as well as our innovation will benefit KSA as it drives its Vision 2030 goals of economic diversification, industrial development, innovation, and job creation.' Amit Midha, CEO at Alat, said: 'We are incredibly proud to become a strategic investor in Lenovo and partner with them on their continued journey as a leading global technology company. Alat and Lenovo have also entered a business development partnership which will leverage Alat's extensive relationships in the region and local market insight. With the establishment of a regional headquarters in Riyadh and a world class manufacturing hub, powered by clean energy, in the Kingdom of Saudi Arabia, we expect the Lenovo team to further their potential across the MEA region.' -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Argaam
09-02-2025
- Business
- Argaam
Lenovo, Alat break ground on manufacturing facility in Riyadh
Lenovo Group and PIF-owned sustainable technology manufacturing arm, Alat Co., broke ground on the former's new manufacturing facility in Riyadh. The 200,000-square-meter (sqm) plant will be located within Riyadh Integrated, which is operated by Saudi Arabia's Special Integrated Logistics Zone (SILZ), the state-run SPA reported. The facility will produce millions of desktop and laptop computers, along with servers, under the 'Made in Saudi' label. Production activities are expected to begin in 2026. The site will be just 15 minutes from King Khalid International Airport. Lenovo will also establish its Middle East and Africa regional headquarters in Riyadh. Alat aims to boost innovation and manufacturing across nine business units, covering semiconductors, smart devices, smart buildings, smart home appliances, digital health, electrification, advanced industries, and AI infrastructure. It will manufacture products in 34 categories. The Lenovo-Alat partnership aligns with Saudi Arabia's Vision 2030 and the PIF's strategy. It is expected to create 15,000 and 45,000 direct and indirect jobs, respectively. This shall in turn help add a cumulative $10 billion to the Saudi non-oil gross domestic product (GDP) by 2030.
Arab News
09-02-2025
- Automotive
- Arab News
Saudi PIF's Alat and Lenovo break ground on new 200k sq. meter facility in Riyadh
RIYADH: Saudi Arabia's Public Investment Fund's Alat and Chinese tech giant Lenovo have officially broken ground on a new manufacturing hub in Riyadh, marking a key milestone in their $2 billion strategic partnership. Located within the Special Integrated Logistics Zone at Riyadh Integrated, the facility will span 200,000 sq. meters and is expected to begin production in 2026. The collaboration is projected to generate up to 15,000 direct and 45,000 indirect jobs while contributing as much as $10 billion to the Kingdom's non-oil gross domestic product by 2030. The hub will produce millions of 'Saudi Made' laptops, desktops, and servers, contributing to the nation's Vision 2030 goals of economic diversification and industrial development. A Historic Milestone: Breaking Ground in Saudi Arabia. Today, Alat and @Lenovo celebrated the official groundbreaking of a state-of-the-art manufacturing site at Riyadh Integrated , operated by Special Integrated Logistics Zone (SILZ) in Riyadh. This landmark factory will… — Alat | #TomorrowMadeBetter (@alat_tech) February 9, 2025 The two companies took a step further in their partnership during LEAP25 held from Feb. 9— 12 in Riyadh, announcing the establishment of an advanced manufacturing and technology center based on artificial intelligence and robotics. This is also part of PIF's strategy to boost the Kingdom's local manufacturing by increasing local content from 47 percent in 2024 to 60 percent by 2025, contributing $320 billion to non-oil GDP and creating 1.8 million jobs. 'Through this powerful strategic collaboration and investment with Alat, we gain greater global presence, a strong regional foothold, and the ability to capitalize on the incredible growth momentum in Saudi Arabia and the wider MEA region,' said Yuanqing Yang, chairman and CEO of Lenovo. The groundbreaking follows the completion of Lenovo's $2 billion investment in Alat, which was finalized after securing shareholder and regulatory approvals. Initially announced in May, the deal was completed in January and involves the issuance of three-year zero-coupon convertible bonds, establishing a long-term partnership between the two firms. The manufacturing facility will complement Lenovo's global production network, which includes over 30 factories across China, Germany, India, Japan, the US, and other markets. According to Lenovo, the new hub will enhance supply chain resilience and improve service to customers across the Middle East and Africa region. The firm also plans to establish its MEA regional headquarters in Riyadh, expand research and development activities, and open a flagship retail space in the Kingdom. Amit Midha, the CEO of Alat, emphasized the broader economic impact of the collaboration, saying: 'We are incredibly proud to become a strategic investor in Lenovo and partner with them on their continued journey as a leading global technology company.' Beyond manufacturing, the agreement includes a business development partnership leveraging Alat's regional relationships and market expertise. Alat, which aims to build advanced manufacturing capabilities across multiple industries, has outlined plans to produce goods across 34 product categories within nine business units, including semiconductors, smart devices, electrification, and artificial intelligence infrastructure. Lenovo, recognized as one of Gartner's top 25 supply chains, expects the Saudi facility to strengthen its operations in the MEA region while supporting the Kingdom's ambition to become a global technology and manufacturing hub.
