Local content in Saudi Arabia
Local content, as defined by the Local Content and Government Procurement Authority, is a national agenda that aims to enhance and develop Saudi Arabia’s economy by engaging all economic sectors, including the public sector, private sector, and individuals.
Pillars of Local Content
stc group follows the local content calculation mechanism approved by the Local Content and Government Procurement Authority to measure its contribution to the national economy.
Local Content % Contribution
goods or services
local components used in producing goods or services
=
assets
sources and components of goods used to develop productions chains
+
labor
workforce involved in producing goods or offering services
+
technology & other
research & development and capacity building of Saudi workers
+
