Saudi's PIF partners with German elevator factory with $168M investment

semafor.com/article/02/28/2025/saudi-pif-partners-with-german-elevator-factory-with-168m-investment

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Alat, the Public Investment Fund’s technology and manufacturing company, is partnering with Germany’s TK Elevator to manufacture elevators, escalators, and moving walkways in Saudi Arabia.
The $168 million investment in the local venture coincides with Alat’s acquisition of a…

This story appeared on semafor.com, 2025-02-28 13:17:09.
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