Saudi Arabia Earmarks $2.7 Billion to Become Supply Chain Hub

Resilient supply chain operations are pillars of any thriving economy. Hence the decision to earmark 10 billion rials ($2.57 billion) as an incentive for global supply chain firms to invest in the Kingdom is a massive step in the right direction. The strategy will surely empower the region to drive rapid logistics transformation via digitization and automation. With the supply chain ecosystem in Saudi Arabia maturing fast, greater investments will also help businesses focus on environmental sustainability. From an international perspective, it’s vital to keep improving Saudi Arabia’s supply chain performance as it directly impacts economies in Europe, the Americas and Asia. The announcement will be pivotal in enabling businesses here to invest in advanced logistics management solutions that help build self-governing, resilient and data-driven supply chains.