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Local Content and Government Procurement Authority Honors 26 Winners
2025-05-01
Riyadh, SPA: The Local Content and Government Procurement Authority honored 26 winners from government agencies, the private sector, and the non-profit sector, in addition to several individuals, during the third edition of the Local Content Award ceremony.Minister of Industry and Mineral Resources Bandar Alkhorayef patronized the event, and several officials from various sectors attended.The award honors and motivates contributors to local content development by recognising their adherence to local content requirements, enhancing local capabilities and maximizing the benefits of purchasing power to build a strong and sustainable economy.During his speech, Alkhorayef emphasized that local content is a practical translation of one of the pioneering national initiatives launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.He added that local content policies have contributed to raising the percentage of local content in government procurement from 28% to 47% since their implementation in 2018, in addition to the formation of 396 local content development teams within government agencies.
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