Lenovo is building a billion-dollar PC and server plant in Saudi Arabia
SMRTR summary
Lenovo will establish a new Middle East and Africa headquarters in Riyadh, Saudi Arabia, as part of a $2 billion investment with Saudi company Alat. The company plans to build a manufacturing facility to produce millions of PCs and servers annually by 2026, creating 1,000 jobs. Lenovo aims to develop "Saudi Made" products using local R&D teams. This expansion coincides with Lenovo's strong financial performance, with significant revenue increases in its Intelligent Devices and Infrastructure Solutions Groups.
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