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Interested contractors have submitted their proposals for the Saudi Lenovo production plant. Chinese-based technology company, Lenovo, seeks to build a manufacturing facility based in Riyadh. Dubbed the Oasis project, proposals for the project were submitted earlier this week. Earlier last week, Lenovo broke ground on where the site where the facility is expected to be constructed. It is expected that the facility will be constructed on a 200,000 square-meter site. The location is at the Special Integrated Logistics Zone at King Khalid International Airport in Riyadh. Once completed, the airport where the facility is based is expected to be the world’s largest. Furthermore, the plan is for the construction works to be conducted in two phases. Each phase of the Saudi Lenovo production plant is expected to be operational by 2026. The first phase entails the construction of the first plant building and the main office building. Moreover, it includes the construction of warehouses, other buildings and associated infrastructure. The second phase entails the construction of the second plant building and other associated buildings. Completion of this phase is expected by August 2026. Lenovo signed a collaboration agreement with Alat to facilitate setting up the Saudi Lenovo production plant. Moreover, Lenovo secured a $2bn investment deal with Alat to manufacture computer devices in the kingdom. The funding is expected to facilitate construction and the establishment of a regional headquarters for the Middle East and African Market. The headquarters will include customer centers, research and development centers and manufacturing facilities. Once completed, the company aims to create 39,000 direct jobs and achieve a direct non-oil GDP contribution of $9.3bn. The Saudi Lenovo production plant is one of the aims Alat has in ensuring that it achieves its objectives outlined in the Saudi Vision 2030. Alat aims to manufacture more than 30 product categories such as robotic systems and communication systems. Moreover, it also aims to include advanced heavy machinery used in construction, building and mining. |
