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00:00 Well, we're very excited about the launch of Allat today. This is a global launch.
00:04 Today we announce that the Kingdom of Saudi Arabia is under the leadership of the sustainable manufacturing industry and electronics.
00:09 We are keen to have a huge capacity of international cooperation and participation to achieve this.
00:14 We also invest a lot of capital in this, about $100 billion by the end of 2030.
00:19 And not only that, this is not a vision or a project, but we announce ourselves as a global company.
00:24 We are very excited about the launch of Allat today.
00:29 And not only that, this is not a vision or a project, but we announce ourselves as a global company.
00:34 We have four agreements today and one more at the end of this week to become five.
00:39 And international relations are a target of its purpose to launch our journey to sustainable manufacturing, electronics and manufacturing centers in the Kingdom of Saudi Arabia.
00:49 Each relationship is completely different and each partnership is different.
00:53 And there are many stage relationships as well.
00:56 As you will see at the end of the week, many of them are related to the $100 billion.
01:03 And again, we do not reveal any specific size of the deal in one deal, but it ranges from a few hundred million to several billion.
01:11 We are not disclosing any particular deal size in one, but they are varying from a few hundred million to multiple billion.
01:18 What about the electronic chips and your investments in this field in the coming period until 2030?
01:27 Well, semiconductor is the future of everything we do.
01:32 And we want to make sure to build a semiconductor center in the Kingdom.
01:36 This requires a lot of capital and a lot of talent as well.
01:41 So for us, capital, talent and infrastructure are two sides of the same coin.
01:46 I think this is the vision we are presenting to the world.
01:50 That is, it is possible to build a sustainable manufacturing in the Kingdom by using infrastructure, clean energy, talent and capital.
02:00 And this is the area of things that you bring today.
02:03 You saw that we are announcing a deal from Japan and one from China, one from us and one from Saudi Arabia.
02:11 As you can see, this deal is working all over the world and by the end of this deal, $100 billion will be invested in seven business units.
02:20 These are smart buildings like telecommunications, smart health care devices, smart devices, advanced infrastructure, advanced next-generation infrastructure and industries.
02:31 Therefore, this is a wide range of industries that we focus on.
02:35 And for us, it is very important to have the right strategy in each of the business units.
02:41 And based on the strategy, we specialize in capital, infrastructure and partnerships.
02:46 Tell us about the private sector in Saudi Arabia.
02:50 How can you participate in manufacturing processes or any future investment processes?
02:56 The private sector is very important.
03:00 As you saw me talking about the owner of the royal title, the acquisition of the private sector, the strategic and the national industrial policy are very important guiding principles for us.
03:10 We build industrial centers with a global company.
03:14 Many local companies have the opportunity to be importers and suppliers of joint projects.
03:20 Some deals that we will announce in the near future will include three parties, a global company, an American company and a local company.
03:28 Therefore, we are completely open to say that we want to have a tripartite partnership, not just a bilateral partnership.
03:37 This is not much different from what Korea or Singapore has done.
03:41 It takes time and the environmental system must be fully elevated.
03:45 If it is only about the many and only about foreign investment, then this is not very useful for the local environmental system.
03:53 Therefore, we want to make sure that our investments lead to talent, our joint investments and local relations.
04:01 Our investment achieves long-term benefits for the overall local product.
04:05 The percentage of investment in each industry we offer must be at least 50% over time and 30% must be exported.
04:15 Therefore, it is an important high standard that we set for ourselves.
04:19 If we do the same for the local environment, we will benefit a lot from the local environmental system.
04:25 in Dalek.
04:25 [BLANK_AUDIO]