Lianhe Sowell International Group has signed a US$105 million (c. £80m) agreement with Excellent Capital Investments (ECI) to create a robot manufacturing and research and development base in the United Arab Emirates.
The financing non-binding frame agreement will use potential proceeds to establish an artificial intelligence (AI)-powered robot manufacturing facility.
Lianhe Sowell will contribute 20% of the Project investment as cornerstone investment, while ECI will provide the remaining 80%, or US$105 million (c. £80m) in the form of structured senior secured credit support.
Pursuant to the Term Sheet, total investment in the project is estimated to be approximately $132.5m (c. £101m).
Lianhe Sowell also plans to establish a robotics technology training and certification center to support local talent development and promote industrial automation and green manufacturing across the Middle East.
The AI painting robots will be deployed across a range of sectors, including automotive, construction, aviation, rail transportation, marine, and new energy, supporting the UAE’s “Industry 4.0” strategy with advanced technology and expertise.
Lianhe Sowell also stated that it will use this initiative as a starting point to further expand its presence across the Middle East and Global market, and to advance global collaboration in the automation industry chain.
Lianhe Sowell estimates thepProject construction period will be around 18 months.
Upon completion, the manufacturing and R&D base is expected to have an annual output of several thousand AI robots annually and create more than 2,000 high-skill local jobs.
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