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FinancialNews


  • 14-09-21

    Saudi Arabia issues list of 28 items that contractors should buy only from national companies

    (MENAFN)According to the Saudi Press Agency, the kingdom’s Local Content and Government Procurement Authority announced a list of 28 items that government contractors should buy only from national companies.

    The list for the most part includes meat, poultry, fish and dairy products. This decision came to support local products and increasing the Kingdom’s non-oil economy.

    The authority also evaluates sectors such as military, health, education, and prison, where consumption of the items on the “mandatory” list is high to guarantee the contractors involved in those areas following the regulations.

    This pace is part of the government’s efforts to expand local content in all non-oil sectors, stated Abdulrahman Al-Samari, CEO of the authority.

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