Increasing local content percentage requirements
The Local Content and Government Procurement Authority announced the expansion of the application of a minimum local content percentage requirement in the certification for each establishment, starting June 1, 2028. The expansion will cover 965 products across 14 sectors, aiming to increase the contribution of local content to the national economy and enhance the competitiveness of the industrial sector. This move is part of the Authority's efforts to develop local content, along with providing a list of products and minimum percentage requirements on its website, to enable establishments to prepare and comply before the regulations are enforced.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)