Saudi Arabia launches global supply chain initiative

Riyadh : The Kingdom of Saudi Arabia’s Crown Prince Mohammed bin Salman on Sunday launched an national initiative for global supply chains to and from the kingdom.
The global supply chain initiative aiming to attract 40 billion Saudi riyals ($10.64 billion) invesments during the first two yearsof the launch of the initiative.
Also Read Saudi Crown Prince Salman to visit India in November Under the Global Supply Chain Resilience Initiative (GSCRI), launched by the kingdom’s Crown Prince Mohammed bin Salman, Saudi Arabia aims to strengthen the Kingdom’s position as a major center and a vital link in global supply chains.
The Kingdom allocated for the initiative an incentives budget estimated at 10 billion Saudi riyals in the form of financial and non-financial incentives for supply chain investors.
ولي العهد السعودي الأمير #محمد_بن_سلمان يطلق #المبادرة_الوطنية_لسلاسل_الإمداد_العالمية .. ماذا تتضمن؟ #الأسواق_العربية pic.twitter.com/c8TnYddtQB — الأسواق العربية (@AlArabiya_Bn) October 23, 2022 According to the Saudi Press Agency, the Crown Prince said that this initiative will be a great opportunity to achieve joint successes, pointing out that it will contribute, along with other development initiatives that have been launched, to enabling investors, of all sectors, to benefit from the Kingdom’s resources and capabilities to support and develop these chains and build successful investments.
Also Read Saudi Arabia: Visit visa can be extended 7 days prior to expiry On the other hand, he pointed out, “it will contribute to enabling the Kingdom to achieve the ambitions and aspirations of its vision, which includes developing and diversifying the resources of the national economy, and enhancing its economic position to become among the 15 largest economies in the world by 2030.”