Minister of Investment: 25 deals currently being worked on through “GSCRI” initiative worth 100 billion riyals

Eng. Khalid Al-Falih, Minister of Investment, revealed that work is underway on 25 deals through the “GSCRI” initiative (one of the initiatives of the National Investment Strategy) worth 100 billion riyals.

He said during a session titled “Future Trends for Local Content in Light of Saudi Vision 2030” that the “GSCRI” initiative for value chains is one of the most important initiatives of the Ministry of Investment currently.

He revealed the launch of 3 car complexes and the opportunity exists to enhance supply chains in the sector as a whole, adding “There are a large number of deals worth more than 300 billion riyals in the form of qualitative investments that will contribute to replacing imports and stimulating exports

The Minister of Investment explained that local content is the torch that ignites the competitiveness of the economy in all sectors and requires the creation of an investment environment