TKE Alat, the joint venture between TK Elevator (TKE) and Alat, has held a groundbreaking ceremony for its planned elevator and escalator manufacturing and multi-purpose facility in Dammam's Third Industrial City, marking a significant milestone in advanced manufacturing capabilities in Saudi Arabia.

The joint venture plans to invest approximately SAR 285 million in the facility, which will span more than 40,000 square meters. The site is set to be the first elevator and escalator manufacturing operation in Saudi Arabia by a global company.

The development advances the €160 million joint venture established by TKE and Alat in August 2025 to address growing urban mobility demand across Saudi Arabia and the wider MENA region, contributing to the Kingdom's industrial development goals under Saudi Vision 2030.