Saudi Gazette report

RIYADH —The National Initiative for Global Supply Chains (GSCRI) has announced that Saudi Arabia signed nine investment agreements worth more than SR35 billion ($9.32 billion) with foreign companies, including India’s Vedanta and China’s Zijin Group, to strengthen global supply chains.

GSCRI is one of the initiatives of the National Investment Strategy, which aims to develop a unified strategy to attract strategic supply chains to Saudi Arabia, and to obtain a regional and global market share of the most vital and promising sectors of the national economy.

It was established to benefit from the exceptional potential of investment in supply chains in Saudi Arabia, in addition to supporting the development of supply chains around the world.

This initiative also seeks to achieve sustainability for global and regional supply chains and provide highly competitive advantages for local and global investors.