Localization is an evolving aspect that influences investments, workforce, and supply chains of enterprises operating in Saudi Arabia. Initiated and led by the Saudi government, the local content enhancement programs took an essential fragment of the ambitious Kingdom’s 2030 vision launched in 2016 across 24 government bodies.
No matter what industry or size your business is, its market sustainability and endurance for the medium and long-terms will depend on your capability to comply with local content regulatory requirements. Leading semi-government companies such as Saudi Aramco, SABIC, and Saudi Electricity Company were the first to lay down the foundation for promising initiatives targeting the private sector of Saudi Arabia, being it large, medium, or small enterprises and all subject initiatives and programs are in turn governed and regulated by the Local Content & Government Procurement Authority (LCGPA).
Our experts are well-versed in establishing your organization’s solid stand in the Saudi market at a historical time of the Kingdom’s peak in growth and emerging transformation and diversification of resources beyond oil and gas, and toward enormous investments in renewable energy, digital industries, tourism, intelligent infrastructures, and most importantly, in the human development and wellbeing.
The Leadership Interface Localization experts will support and guide your business transformation from global to local sourcing dependency on various essential aspects that our localization team of experts will support and guide you through:
- Represent your organization in front of stakeholders and their nominated audit firms and ensure that all relevant local contents’ requirements requested from your organization are met.
- Walk you through the overall local content and localization regulatory processes and requirements of the LCGPA, Saudi Aramco, SABIC, and Saudi Electricity Company which are vital for your business continuity and success.
- Provide advisory, consultancy guidance, and support to establish local content’s pre-requisites to localize the sourcing model of supply chain goods and services, operating workforce, and related research, development, and training components of your organization.
- Secure and facilitate the issuance of the yearly and/or project-specific associated Local Content official certificate.
- Train and familiarize your workforce with all local contents’ components and programs. This includes (but not limited to) sales, projects’ management, finance, supply chain, and human resource functions.