Saudi Arabia has made significant strides in enhancing global supply chain resilience by unveiling nine major investment deals worth over SAR 35 billion. These announcements were made at the Global Supply Chain Resilience Initiative (GSCRI) event, held in conjunction with the 28th World Investment Conference in Riyadh.
The event, attended by more than 300 key stakeholders including government officials, business leaders, and investors, emphasized Saudi Arabia’s strategic role in global value chains. It also showcased the Kingdom’s ambition to attract substantial investments through its National Investment Strategy, targeting SAR 150 billion in export-focused projects by 2030.
Key Investment Deals
The agreements span crucial sectors such as mining, metals, and renewable energy, featuring projects like:
- Copper smelting and refining with Vedanta.
- Titanium ventures with AMIC and Tasnee.
- Production of rare earth elements with Hastings.
- Semi-finished aluminum facilities with Red Sea Aluminum and an aluminum foil plant with Tahweel.
- Zinc smelting opportunities with Moxico Ajlan & Bros Mining Company.
- Lithium carbonate extraction and copper refining with Zijin Group.
- A platinum group metals smelter in partnership with Ajlan & Bros.
- A cutting-edge solar thermal manufacturing plant with Glasspoint, supporting the largest industrial solar thermal project globally.
Economic Transformation
Minister of Investment H.E. Khalid Al-Falih highlighted the importance of these deals, stating they represent a significant milestone for the GSCRI program. These investments will enhance Saudi Arabia’s access to critical materials, bolster domestic manufacturing, and solidify its role in international supply chains.
The conference also included a panel discussion on Saudi Arabia’s efforts to tackle global supply chain challenges. Experts like Dr. Ali Al-Khatib of NIDC and Hanns-Peter Knaebel of Alat emphasized the Kingdom’s focus on innovation, sustainability, and integration into global value chains.
