To achieve this goal, fifteen
government agencies within Saudi Arabia are actively working to bridge gaps
identified in existing supply chains during the COVID-19 pandemic. Following
the pandemic, a comprehensive study was conducted to pinpoint weaknesses and
bolster self-reliance, as outlined by Prince Abdulaziz in his speech at the
Energy Localization Conference held in Riyadh Thursday.
Two years ago, Saudi Crown Prince Mohammed bin Salman launched a national initiative for global supply chains, allocating a budget of 10 billion riyals to offer a package of financial and non-financial incentives to investors. The initiative aims to solidify the Kingdom's position as a prominent hub and crucial link in global supply chains, attracting qualitative industrial and service investments valued at 40 billion riyals within the first two years of its launch.