Saudi Arabia is accelerating plans to build an electronics manufacturing base to diversify the economy, create jobs, and grow non-oil exports.
Central to the push is ALAT, a Public Investment Fund – controlled company with a planned $100 billion program, according to company statements. ALAT has partnered with China’s Lenovo to assemble PCs in the kingdom, tied to a $2 billion investment in Lenovo, with production targeted for 2026, according to the companies.
The effort aligns with a broader “Saudi Made” drive, which is now appearing on locally produced goods ranging from Lucid vehicles to bottled water. The policy aims to scale domestic manufacturing and strengthen export competitiveness.
HP is designating Saudi Arabia as a key supply chain hub as part of its post-pandemic resiliency strategy, according to the company. This dovetails with national plans to position the kingdom as a trade and logistics gateway, backed by investments in ports, airports, and a new airline.
Executives acknowledge the ecosystem is still maturing but expect rapid gains in cost and efficiency as infrastructure and local capabilities expand.
