4644 Firms Approved for Tenders
The Ministry of Finance announces the postponement of the mandatory submission of the Local Content Certificate until the beginning of 2027. Additionally, it has delayed linking financial caps for tenders to the financial limits of companies to accommodate a larger number of entities and facilitate meeting the classification requirements. Results from the first quarter of 2026 show that the value of tenders awarded to local companies reached 6.3 billion riyals, a 59% increase, compared to 2.3 billion riyals awarded to foreign companies. The sectors of health, environment, and energy led performance. Furthermore, the Ministry has launched a list of priority national products to strengthen the presence of local products, aimed at supporting the domestic industry and encouraging participation in government tenders.
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