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Alat and Carrier Partner to Advance Climate and Energy Solutions in the Kingdom of Saudi Arabia

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Agreement includes development of a cutting-edge manufacturing and R&D center expected to create more than 5,000 local jobs.

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ — Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions. The partnership will serve customers in the Kingdom, and its visionary Giga projects, such as NEOM, as well as ensure broader regional – and even global – distribution. Alat was established on February 1, 2023, by His Royal Highness Prince Mohammed bin Salman Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Board of Directors of Alat.

The agreement will leverage Alat’s financial strengths and Carrier’s technology and manufacturing capabilities to develop made-in-Saudi Arabia intelligent climate solutions, marking the first phase of the partnership with Alat. These offerings will address the continued growth of the HVAC industry in the Middle East and North Africa (MENA) region, which is expected to become a US$10 billion addressable market by 2030 – and a US$334 billion market globally by 2030 – driven by secular trends including urbanization, sustainability and energy solutions, and digital transformation. This market will also provide scale to develop products, such as solutions for district cooling and heating, which could be used globally.

Amit Midha, Chief Executive Officer at Alat, said: “We are proud to partner with a global leader in intelligent climate and energy solutions, and bring to the Kingdom expertise and innovation in this field. We see Carrier as a long-term partner in our Smart Buildings line of business, which is solely focused on solutions that integrate innovation, sustainability, and efficiency for buildings. Carrier’s commitment to sustainability makes them the natural partner for Alat.”

“Carrier has long had a presence in Saudi Arabia and we see significant growth opportunities in the region. This partnership is the start of a longer-term partnership to co-develop innovative solutions that will redefine intelligent climate and energy solutions for the Middle East and beyond,” said Carrier Chairman & CEO David Gitlin. “The Kingdom’s vision for a more energy efficient, environmentally responsible tomorrow is well aligned with Carrier’s goals and makes this partnership a winning combination. We are excited about the future and look forward to collaborating with Alat as we further build on our long presence in this important region. Since 1987, Carrier has been actively engaged in the Saudi market through a successful joint venture with EA Juffali and Brothers, a prominent group in the Kingdom. Carrier remains committed to this longstanding and valuable partnership.”

Carrier and Alat plan to break ground later this year on an advanced sustainable manufacturing and R&D facility in the Kingdom that will provide high-volume, high-tech, energy-efficient HVAC products including variable refrigerant flow (VRF), air-cooled chillers, air handling units (AHUs) and rooftop units for MENA markets, supported by local supply chain. R&D will focus on developing breakthrough technologies to meet region-specific requirements, such as high ambient temperature and natural/Low GWP refrigerant HVAC systems, both of which can also be exported globally. As many as 5,000 jobs are expected to be created locally to support the project.

With access to over 2 billion consumers, Saudi Arabia’s location is not only at the center of the Gulf, but also at the heart of major trade routes crossing Europe, the Middle East and Asia, where Saudi Arabia is forging a new economic partnership with the recently formed India Middle East Europe Corridor (IMEC). The Kingdom is accelerating the adoption of the Fourth Industrial Revolution applications, enhancing supply chain and logistics. While the number of factories in Saudi Arabia has increased by 50% in the last year, with over 10,000 industrial facilities, the Kingdom expects to host 32,000 manufacturing facilities by 2035.

About Carrier 
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we’ve led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.

About Alat 
Alat is a company focused on transforming global industries (electronics and industrials) and creating a world class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy to build a better tomorrow. Alat will deliver sustainable manufacturing to help global companies reduce their emissions and move towards carbon zero manufacturing. 

Alat, a PIF company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation. Alat’s primary goal is to ensure that global companies set up sustainable manufacturing solutions in the Kingdom of Saudi Arabia, benefitting from abundant green energy resources, the country’s unique geolocation and its investments in technology. Initially its key strategic business areas will be semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials and next gen infrastructure technologies.  For more information visit www.alat.com  

©Alat, Tomorrow Made Better.

Contact: 

Jason Shockley

Jason.Shockley@Carrier.com

Tel: +1 561-542-0207

Karim Diab

kdiab@alat.com   

Tel: +966 550076173

 

View original content:https://www.prnewswire.com/news-releases/alat-and-carrier-partner-to-advance-climate-and-energy-solutions-in-the-kingdom-of-saudi-arabia-302066753.html

SOURCE Carrier Global Corporation

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Planet Classroom Presents: Michael B. Horn on AI, Careers, and Lifelong Learning

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Empowering Youth to Thrive in an AI-Driven World with Insights from AI for a Better World

NEW YORK, Jan. 1, 2025 /PRNewswire-PRWeb/ — Planet Classroom Network proudly unveils the latest episode of its acclaimed series, AI for a Better World, featuring a dynamic conversation between host C.M. (Cathy) Rubin and Michael B. Horn, a leading voice in education innovation, career strategy, and AI.

In Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning, Horn explores how artificial intelligence is reshaping education and work. He shares actionable strategies for lifelong learning, career empowerment, and aligning personal goals with professional growth to help individuals succeed in a rapidly evolving job market.

Key Insights from the Episode

Adaptability in the AI Era: “The biggest skill people need in an AI-driven world is to quickly learn new skills, to become a lifelong learner,” says Horn.

Taking Control of Careers: Horn asserts, “Just as much as employers are hiring you, you get to hire your next employer,” emphasizing career agency and intentional choices.

Education That Matters: Highlighting institutions like Western Governors University, Horn praises their integration of real-world experience with academic credentials to prepare students for a tech-driven economy.

Aligning Passion with Work: Horn discusses how understanding what drives your energy leads to better career choices and improved performance.

Planet Classroom’s Mission to Empower Youth

This episode reflects Planet Classroom Network’s dedication to inspiring the next generation of changemakers. By connecting youth with thought leaders like Michael B. Horn, Planet Classroom empowers its audience with tools to navigate AI’s impact on education, careers, and personal development.

About the Planet Classroom Network

Planet Classroom Network, organized by CMRubinWorld, connects young changemakers with global thought leaders, creators, and innovators. Supported by over 30 international cultural organizations and youth contributors, the platform delivers culturally rich and diverse content designed to educate, engage, and inspire lifelong learning.

About Michael B. Horn

Michael B. Horn is a celebrated author and thought leader in education and career development. His book Job Moves provides practical strategies for navigating careers in an AI-driven job market, empowering individuals to align work with passion and purpose.

About C.M. Rubin

C.M. Rubin, founder of CMRubinWorld and co-founder of Planet Classroom, is a renowned voice in global education, career strategy, and media. Her platform, The Global Search for Education, spotlights trends shaping the future of learning and work.
Watch Now: Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning.

Watch Now: Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning.

View original content to download multimedia:https://www.prweb.com/releases/planet-classroom-presents-michael-b-horn-on-ai-careers-and-lifelong-learning-302340846.html

SOURCE Planet Classroom Network

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The 20 Best Industries for Remote Work in 2024: Virtual Vocations Report

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Virtual Vocations’ 2024 report is a comprehensive guide to the best industries for remote jobs, offering both seasoned home-based professionals and telecommuting newcomers the information they need to thrive in the ever-evolving remote job market.

TUCSON, Ariz., Jan. 1, 2025 /PRNewswire-PRWeb/ — Virtual Vocations, a leading online job board specializing in fully remote job postings, published its annual industries report. The growing demand for remote work has reshaped job markets, and the latest findings from Virtual Vocations reveal that certain industries are leading the charge in offering fully remote roles.

“As industries increasingly adopt remote work options, jobseekers now have a wider range of opportunities to find flexible roles that align with their personal and professional lifestyles.” –Laura Spawn, CEO and co-founder of Virtual Vocations

The report provides detailed analysis on the most prominent industries offering remote positions, showcasing job categories that are both in-demand and conducive to a telework environment. These industries are characterized by their ability to offer roles that support employee productivity, creativity, and work-life balance.

Whether it’s tech professionals designing the future of innovation, educators facilitating learning from a distance, or healthcare providers offering telemedicine services, these sectors are at the forefront of remote employment trends.

Key Highlights of the 2024 Industries Report:

TECHNOLOGY: The tech sector continues to dominate the remote job market, with companies offering roles in software development, IT support, cybersecurity, and data analysis.

HEATHCARE: Remote healthcare opportunities are on the rise, especially in telemedicine, medical coding, and health administration roles that allow workers to assist patients and healthcare organizations from home.

EDUCATION: As virtual learning becomes more common, educators, tutors, and instructional designers are finding abundant opportunities to work remotely, providing teaching and training services online.

MARKETING & SALES: With digital transformation, the demand for remote positions in marketing, content creation, SEO, and sales has surged, making it an ideal sector for remote jobseekers.

Regarding the findings, Laura Spawn, CEO and co-founder of Virtual Vocations, stated, “As industries increasingly adopt remote work options, jobseekers now have a wider range of opportunities to find flexible roles that align with their personal and professional lifestyles.”

The full report provides a detailed analysis of each industry, including job types, average wages, and career outlooks based on Bureau of Labor Statistics data. It also features 50 remote-enabled companies offering remote positions across these sectors.

To explore the full remote industries report, visit the Virtual Vocations blog at https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/20-best-industries-for-fully-remote-jobs-in-2024/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

View original content to download multimedia:https://www.prweb.com/releases/the-20-best-industries-for-remote-work-in-2024-virtual-vocations-report-302340847.html

SOURCE Virtual Vocations, Inc.

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DayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure

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SINGAPORE, Jan. 1, 2025 /PRNewswire/ — DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity.

The brand name “DayOne” encapsulates the company’s entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, “DayOne” represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, “DayOne” is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support.

Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group.

These investments have not only underscored confidence in DayOne’s ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne’s autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors.

Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation.        

“The trust from our investors speaks volumes about the strength of DayOne’s vision and our ability to deliver transformative results in a rapidly evolving industry,” said William Huang, Chairman of DayOne. “This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation.”

Jamie Khoo, CEO of DayOne, said: “DayOne represents more than a new name—it’s a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem.”

Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: “The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector.”

Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions.

DayOne’s competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience.

Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide.

About DayOne

DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions.

Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne’s data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond.

Headquartered in Singapore, DayOne’s leadership team draws on over two decades of industry experience and a track record of building Asia’s largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.

As demand for strategically located and customized data centers rises, DayOne’s entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dayone-launches-as-an-independent-global-data-center-pioneer-following-series-b-funding-closure-302340665.html

SOURCE DayOne Data Centers

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