Saudi Arabia's Crown Prince Mohammed bin Salman launched Sunday an initiative to initially bring in $10.64 billion (SAR 40 billion) of "quality, industrial and service investments in global supply chains" into the country, state-owned news agency SPA reported Sunday.
The Global Supply Chain Resilience Initiative will leverage Saudi resources, infrastructure, and location to boost economies and companies across Europe, the Americas, and Asia while enhancing the kingdom's position in the global economy.
The initiative will include allocating about $2.7 billion (SAR 10 billion) in financial and non-financial incentives for supply chain investors, the state news agency said.
