The company “Machinery”, fully owned by the Saudi Public Investment Fund, announced during its participation in the Milken Institute conference in Los Angeles, USA, the launch of two new units for electric transition and artificial intelligence infrastructure, focusing on leading the transformation in global industries such as electronics and advanced industries and establishing a manufacturing center with international standards in the Kingdom.
The business units will work to meet the immense global demand for artificial intelligence infrastructure solutions and the urgent need to support the global energy transition by enhancing electricity grid technologies.
The shift to electricity (relying on clean electricity sources) is a key goal for the “Machinery” company, aiming to enhance network technologies, promote the use of advanced technologies, and develop electricity production to become the primary energy generated through solar, wind, and clean hydrogen to power industrial operations.
“Machinery” plans to develop technological solutions that contribute to changing the global energy sector and reducing carbon emissions from industries, by harnessing solar energy resources and other clean sources in Saudi Arabia and electricity-dependent industrial systems.
The focus in the Electric Transition business unit will be on electricity transmission and distribution technologies, in addition to connecting renewable energy sources to the grid and providing modern technologies for gas and hydrogen generation and compression.
On the other hand, the Artificial Intelligence Infrastructure business unit focuses on developing the necessary technologies to enhance artificial intelligence capabilities, such as network equipment, communications, servers, data center equipment, data storage, industrial edge servers, and fourth industrial revolution computing.
The adoption of intelligent technology like artificial intelligence alongside fourth industrial revolution technologies, such as robots, is essential for significant advancements in smart manufacturing and establishing smart factories. The Artificial Intelligence Infrastructure unit at “Machinery” will lead the search for innovative solutions for customers and contribute to achieving the company’s advanced technology goals.
The global electricity market value reached $73.64 billion USD in 2022 and is expected to reach around $172.9 billion USD by 2032, with a compound annual growth rate of 8.91% between 2023 and 2032.
The global artificial intelligence infrastructure market is witnessing significant growth, expected to reach a staggering value of $460.5 billion USD by 2033, with a compound annual growth rate of 28.3% over the decade.
This growth is due to the increasing adoption of artificial intelligence technologies across all sectors, as companies recognize the capabilities of artificial intelligence in enhancing innovation, improving decision-making processes, and automating tasks.
These two business units are launched in line with global energy-efficient computing trends, aimed at reducing environmental impact when processing data on a large scale. This launch enhances the integration of renewable energy by using clean energy sources like solar, wind, and hydroelectric energy to power data centers and computing facilities.
Additionally, the future of artificial intelligence infrastructure requires the design and construction of sustainable data centers prioritizing energy efficiency, sustainability, and environmental responsibility. The artificial intelligence infrastructure intersects with efforts of electric transition in the field of transportation, especially in developing self-driving vehicles and electric mobility solutions.
Transport systems relying on artificial intelligence analyze data, machine learning algorithms, and sensing technologies to enhance road mapping, traffic management, and vehicle performance, promoting the use of electric cars and reducing reliance on fossil fuels.
Artificial intelligence plays a critical role today in improving the operation and management of electrical grids, enabling facilities to enhance efficiency, reliability, and sustainability.
Advanced solutions for AI-based networks rely on precise analytics, predictions, and algorithms to balance supply and demand, integrate renewable energy sources, and enhance network flexibility to efficiently address fluctuations and disturbances.
“Alat” company is a golden partner of the upcoming Milken Institute conference in Los Angeles, USA, managing nine business units focused on sustainable technology manufacturing. By 2030, the company will invest 375 billion Saudi Riyals in developing these units to build strategic partnerships and enhance manufacturing capabilities in Saudi Arabia to provide job opportunities and diversify the local economy.
“Alat” focuses on transforming global industries (such as electronics and manufacturing) and establishing a world-class factory in the Kingdom powered by clean energy to build a better future.
“Alat” will adopt sustainable manufacturing practices to assist global companies in reducing their emissions and transitioning to carbon-neutral manufacturing. Founded and funded by the Public Investment Fund, “Alat” is a key player in achieving the goals of Vision 2030 in Saudi Arabia, aiming to enhance economic diversity, industrial development, innovation, and provide more job opportunities.
The main focus of the company is to attract global companies to adopt sustainable manufacturing solutions in Saudi Arabia, leveraging abundant clean energy resources, the country’s strategic geographical location, and its investments in the technology sector.
Initially, the company will focus on its areas of expertise in advanced electronics, smart buildings, smart home and electronic devices, smart health technologies, advanced industries, semiconductors, infrastructure, and modern technologies. For more information, please visit the company’s website.
