HRH Crown Prince launches ‘Global Supply Chain Resilience Initiative’

HRH Crown Prince launches ‘Global Supply Chain Resilience Initiative’

- The initiative will contribute to facing and overcoming the challenges faced by global supply chains, which have affected the efficiency and growth of the global economy

- The initiative will support growth of key sectors and aim to attract SAR40bn of investment in its first two years

- SAR10bn incentives budget has been earmarked to support several initiatives, including financial and non-financial support for global investors interested in incorporating Saudi Arabia into their supply chains.

Jeddah: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, announced today the launch of the Global Supply Chain Resilience Initiative (GSCRI). The GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to drive competitive advantage and improve business resilience.

As His Royal Highness mentions that the Global Supply Chain Resilience Initiative will provide a great opportunity to achieve common successes. Working along with other development initiatives that have been launched in recent years, it will help to enable investors, from all sectors, to benefit from the Kingdom's resources and capabilities and support and develop these value chains. It will also build successful investments, which will give