Saudi Arabia to invest $100bn to create advanced robotics industry
Saudi Arabia is set to see a $100 billion investment over the next six years, with an aim to become a leader in the field of electronics and advanced industrials. On February 1, 2024, the country’s Public Investment Fund company Alat was launched. Four partnerships and the news of major investment have now been revealed. In an announcement today via press release (Feb 20) $100 billion will be invested by 2030. This will go towards enhancing the “capabilities of the technological sector, benefitting from the rapid development of this sector in Saudi Arabia.” Alat will be partnering with Softbank Group, Carrier Corporation, Dahua Technol...... Read Full article on HadNews