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Saudi Legislation Promotes Competitiveness of Local Products to Access Global Markets

Saudi Legislation Promotes Competitiveness of Local Products to Access Global Markets

Tuesday, 7 June, 2022 - 11:00
The Local Content and Government Procurement Authority met with Saudi businessmen at the headquarters of the Federation of Saudi Chambers on Monday. (Asharq Al-Awsat)

Abdul Rahman Al-Samari, head of the Saudi Local Content and Government Procurement Authority, said that Saudi Arabia was issuing legislation to enhance the competitiveness of the domestic product and enable it to access regional and international markets.

He stressed in this regard that the authority has made great efforts in activating local content legislation in government procurement and huge quality projects.

During an expanded meeting on Monday with members of the National Committee for Local Content and the committees of the Chamber of Commerce, Al-Samari underlined the importance of communication with the private sector to come up with possible products and legislation that enhance the sector’s activity.

For his part, Eng. Tariq Al-Haidari, First Vice President of the Federation of Saudi Chambers, praised the role of the Local Content Authority in strengthening local capabilities and maximizing the benefit of purchasing power to build a strong and sustainable economy, following up policies and regulations, launching opportunities, and enhancing transparency to develop local content.

Al-Haidari emphasized the need to increase cooperation and coordination between the authority and the business sector, in order to support the development of local content and to prioritize national products in contracts concluded by state agencies.

Ayman Al Hazmi, general manager of Wahaj (Saudi Specialized Products Company), pointed to the working teams and joint mechanisms to address challenges pertaining to the implementation of the state’s regulation in supporting local content.

He said that the efforts made have contributed to the adoption of legislation and laws that achieve a set of objectives.

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