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Saudi Arabia: Alat establishes EUR 160 million joint venture with TK Elevator for elevator manufacturing

Description

On 5 August 2025, Saudi Arabia, through Alat (a Public Investment Fund company), invested in a EUR 160 million (USD 184.7 million) joint venture with TK Elevator, a company headquartered in Germany. T...

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Intervention Details

Intervention Type

Equity stake

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Aug 2025

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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