RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled the “Global Supply Chain Resilience Initiative”, or GSCRI, in an attempt to position Saudi Arabia as a global supply chain hub, Saudi Press Agency reported. The strategy of continuous enhancement of the investment environment will be coupled with attractive opportunities and a unique incentives budget, including SR10 billion ($2.66 billion) in financial and non-financial incentives. This aims to attract SR40 billion worth of quality, industrial and service investments in global supply chains to the Kingdom within the launching phase. The GSCRI falls under Saudi Arabia’s National Investment Strategy which was launched in October 2021. The initiative is mainly targeting making the Kingdom a prime investment environment for supply chain investors. In order to do this, the GSCRI will help pinpoint and further develop potential investment opportunities, presenting them to potential investors, launching special economic zones, and drawing regional headquarters of international firms to the Kingdom. In addition to building sturdy relationships with local and international markets, the GSCRI also aims to allow investors to make the best use of the Kingdom’s natural resources reserves as well as its untapped potential. The GSCRI falls in line with the Saudi Vision 2030 objectives to top the list of 15 global economies by 2030, leaving a trail of thriving legacy for the generations to follow. Looking at the bigger picture, the GSCRI also complements Saudi Vision 2030’s goal of achieving economic growth and diversity.