Local Content Signings in Economic Program
The Local Content and Government Procurement Authority announced the signing of 34 agreements across five vital sectors from 2019 through 2025, with a total value of 4.3 billion SAR, as part of the "Economic Participation" program. The program aims to promote economic growth by localizing industries and services, increasing local content, encouraging high-quality investments, developing the capabilities of local companies, transferring technology and knowledge, all to support sustainable economic development and create job opportunities. The program is considered a strategic tool to stimulate government procurement and achieve broad economic and social value, while ensuring its implementation in government competitions and maintaining the responsibilities of the General Authority for Military Industries.
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