October 24, 2022
1 min read

Saudi Arabia mulls strategies to woo investors

The initiative is expected to bring Saudi Arabia closer to being a top 15 global economy by 2030 and leave a generous legacy for future generations, he added….reports Asian Lite News

Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has launched the Global Supply Chain Resilience Initiative.

It aims to make Saudi Arabia a preferred location for leading global industrial companies and to attract 40 billion Saudi riyals ($10.64 billion) of quality, industrial and service investments in global supply chains, Xinhua news agency reported, citing the Saudi Press Agency’s report.

Under the initiative, financial and non-financial incentives worth 10 billion Saudi riyals will support global investors who are interested in incorporating Saudi Arabia into their supply chains, according to the report.

The crown prince said that the initiative, along with other development initiatives launched in recent years, will help investors from all sectors benefit from the kingdom’s resources and capabilities as well as support and develop these value chains.

The initiative is expected to bring Saudi Arabia closer to being a top 15 global economy by 2030 and leave a generous legacy for future generations, he added.

ALSO READ: Saudi Crown to visit Delhi in Nov

Previous Story

Boris Johnson pulls out of UK PM race

Next Story

Pakistan requests China to roll over $6.3b debt

Latest from -Top News

India invites Rishi Sunak to its AI summit in 2026

India to host world’s first Global South AI summit in 2026, with Ashwini Vaishnaw inviting Rishi Sunak to join global talks on responsible, inclusive artificial intelligence. India’s Union Minister for Electronics and
Go toTop

Don't Miss

Saudi extends use of Eatmarna app for Ramadan pilgrimage

Saudi Arabia will use a mobile application to facilitate visitors’

Saudi tops Dubai Chamber’s export destinations in H1

Saudi Arabia was named the top destination for members’ exports,