Al-Falih says GSCRI to generate qualitative opportunities for Saudi, foreign investors

Minister of Investment, Khalid Al-Falih

Supply chains are an important pillar for attracting investments in various economic sectors, Minister of Investment Khalid Al-Falih said in a tweet.

The launch of the Global Supply Chain Resilience Initiative (GSCRI) will contribute to creating qualitative opportunities for Saudi and foreign investors in sectors in which the Kingdom has a competitive advantage.

He stated that this will facilitate the achievement of the Kingdom's development objectives and strengthen global supply chains in several sectors.

GSCRI focuses on facilities, incentives, and support elements, which reflects the Crown Prince's great interest and efforts and effective support to diversify investments. It also embodies the Kingdom's ambition to achieve its vision as well as the National Investment Strategy (NIS).

Al-Falih stressed that GSCRI targets to stimulate investments estimated at SAR 40 billion with incentives of SAR 10 billion during the first two years of its launch.

Accordingly, the initiative will be a powerful support to attract quality investments.

Crown Prince Mohammed bin Salman launched today the Global Supply Chain Resilience Initiative (GSCRI), which aims to strengthen the Kingdom’s position as a major hub in global supply chains.