PIF subsidiary Alat launches electrical, AI infrastructure business units

Logo of Alat Company

Alat Company, a wholly owned subsidiary of the Public Investment Fund (PIF) announced today, May 6, the launch of two new business units for electrification and artificial intelligence (AI) infrastructure, state-run Saudi Press Agency (SPA) reported.

The company said, during the Milken Institute Global Conference in LA in the US, that the two business units will work to meet the unprecedented global demand for AI infrastructure solutions and the urgent need to support the global energy transition by enhancing electricity network technologies.

For more news and details on the projects

Electrification is a key goal for Alat to not only strengthen grid technology for robust and increased use of technology, but also as the growth of electricity grows exponentially, with electricity being the key energy produced by solar, wind and hydrogen clean energy to power industrial processes.

The launch of these business units is driven by global trends for energy-efficient computing, to mitigate the environmental impact of large-scale data processing and renewable energy integration by leveraging renewable energy sources such as solar, wind, and hydroelectric power into data centers and computing facilities.

In addition, the future of AI infrastructure entails the design and construction of green data centers that prioritize energy efficiency, sustainability, and environmental responsibility. AI infrastructure also intersects with electrification efforts in transportation, particularly in the development of autonomous vehicles and electric mobility solutions.

AI-powered transportation systems leverage data analytics, machine learning algorithms, and sensor technologies to optimize route planning, traffic management, and vehicle performance, contributing to the widespread adoption of electric vehicles and reducing reliance on fossil fuels.

AI plays a crucial role in optimizing the operation and management of electric grids, enabling utilities to improve efficiency, reliability, and sustainability. AI-driven grid optimization solutions leverage advanced analytics, predictive modeling, and real-time control algorithms to balance supply and demand, integrate renewable energy sources, and enhance grid resilience in the face of disruptions or fluctuations.

Alat will invest SAR 375 billion by 2030 across these business units to develop key partnerships and build advanced manufacturing capabilities in Saudi Arabia to bring jobs and economic diversification to the Kingdom.

Alat will deliver sustainable manufacturing to help global companies reduce their emissions and move towards carbon-zero manufacturing. Alat, a PIF company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation.

The company´s primary goal is to ensure that global companies set up sustainable manufacturing solutions in the Kingdom, benefitting from abundant green energy resources, the country´s unique geolocation and its investments in technology.

Alat’s initial key strategic business areas will be semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials and next generation infrastructure technologies.