Alat and TK Elevator to form a €160m joint venture.

Alat, an advanced technologies and sustainable manufacturing company, and TK Elevator, a machinery industry corporation, agreed to form a €160m joint venture. “Alat’s partnership with TK Elevator is a cornerstone of our commitment to create a global sustainable technology manufacturing hub in Saudi Arabia focused on advanced industrials and electronics. This aligns with PIF's strategy to diversify the Saudi economy and develop key sectors, thereby contributing to the realization of Vision 2030's objectives for sustainable urban development and economic growth," Amit Midha, Alat CEO.