Saudi local content boosts innovation in 1.7 million firms

Saudi Arabia is working to enhance local content and integrate small and medium-sized enterprises into the national economy, as they account for about 90% of global companies and generate the majority of job opportunities. The Roshan Group, one of the Public Investment Fund's projects, has launched initiatives to incorporate these enterprises into value chains, develop communities, and achieve a local content rate of 52%. It has also invested more than 300 million SAR directly to improve efficiency and local competitiveness, with the aim of supporting Vision 2030 and diversifying the national economy.

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