Riyadh – Sharikat Mubasher: The Global Supply Chain Resilience Initiative (GSCRI), a government initiative under Saudi Arabia's National Investment Strategy announced that Saudi Arabia signed nine investment deals to boost global supply chains, during the World Investment Conference in Riyadh.

The deals are worth more than 35 billion riyals ($9.32 billion) with foreign companies including India's Vedanta and China's Zijin Group, according to Reuters.

Worth mentioning that Crown Prince Mohammed bin Salman launched the Global Supply Chain Resilience Initiative in October 2022, intending to strengthen the Kingdom’s position as a key hub and vital link in global supply chains.

The initiative contributes to creating quality opportunities for both Saudi and foreign investors in sectors where the Kingdom has a competitive advantage, in line with the country’s developmental goals, and enhances global supply chains across various sectors.