21 Hrs
Source:
الاقتصادية
Saudi Arabia broadens local content rules to 965 products
The Saudi Local Content and Government Procurement Authority announced the expansion of the requirement for a minimum local content percentage at the enterprise level to include 965 products across 14 sectors, aiming to enhance the contribution of national content to the Saudi economy. The new requirements will be implemented starting June 1, 2028, following an early announcement to give companies the opportunity to prepare and comply. This decision aims to increase the competitiveness of the industrial sector, encourage localization, and stimulate the development of local production capabilities to achieve local content goals and support economic sustainability.
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