TKE ALAT has celebrated a groundbreaking ceremony for a new elevator and escalator manufacturing and multi-purpose facility in Dammam’s Third Industrial City.
The joint venture plans to invest approximately $76 million (SAR 285 million) in the site, which will cover more than 40,000 m². The project is scheduled for completion by the end of 2027.
TKE ALAT is a joint venture between TK Elevator (TKE), a global provider of vertical transportation and urban mobility, and Alat, a Public Investment Fund (PIF) company focused on developing advanced manufacturing capabilities within Saudi Arabia.
The facility is expected to be the first elevator and escalator manufacturing operation in Saudi Arabia by a global company. The multi-purpose site is planned to serve as a manufacturing and innovation hub, featuring a product-development center and a training facility that complements TKE’s SEED Campus.
In addition to production, the partnership plans to establish a regional International Technical Services team with the intent to provide technical support and third-party maintenance under the TKE Universal Service proposition.
TKE ALAT facility in Dammam to serve Saudi Arabia and MENA market demand
Ercan Keles, CEO Middle East, TK Elevator, said that, “Saudi Arabia is a strategic priority market for TK Elevator. Our transformational joint venture with Alat underscores the scale of our ambition in the country where we have been present for more than 40 years. This facility will be TKE’s first to manufacture low-, mid-, and high-rise elevators as well as escalators under one roof anywhere in the world, creating highly skilled jobs and contributing sustainably to Saudi Vision 2030. To create a strong and sustainable local talent pipeline, we will build local capabilities and expertise across manufacturing, engineering, logistics, and services.”
Dr. Muhammad Aldawood, Acting CEO of Alat, stated that, “This multi-purpose manufacturing facility will enable local development and production of world-class elevators and escalators, fulfilling the growing market demands of Saudi Arabia and the MENA region. As a key part of Saudi Arabia’s transformation into a modern manufacturing hub, the construction of this new facility is an important milestone in bringing advanced global manufacturing operations to the Kingdom.”
As confirmed in May 2026, the location in Dammam is under the management of the Saudi Authority for Industrial Cities and Technology Zones (MODON). The contractor team is Advance Construction Solutions Company for Projects (ZODCON), which is a subsidiary of Advanced Building Industries Company ‘Senaat.’
