Saudi Arabia launches supply chain project to attract SR40b investments
The initiative will include allocating SR10b in financial and non-financial incentives
Image Credit: Bloomberg
Riyadh: Saudi Arabia’s Crown Prince on Sunday launched a global supply chain resilience initiative to attract SR40 billion Saudi ($10.64 billion) of ‘quality, industrial and service investments in global supply chains’ to the kingdom in an initial phase.
The initiative by Crown Prince Mohammed bin Salman will include allocating about 10 billion riyals in financial and non-financial incentives for supply chain investors, the state news agency said.