Wednesday, 24 April 2024

Organized by the Local Content authority, at the Chambers' Federation

   Workshop on the National Products’ Price Preference, Held

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The Local Content and Governmental Procurement authority, organized at the Federation of Saudi Chambers of Commerce, in Riyadh, a workshop on the authority’s initiative to provide an additional price preference rate, of up to 20% for national products

Such a move aim at mitigating the financial and economic impact of the  pandemic, in addition to the 10% rate, in place, in the list of preference local content.

It was held in cooperation with the National Committee for Local Content and Procurement, at the Federation of Saudi Chambers, with the participation of a large number from the business sector, remarkably, the representatives Saudi companies and establishments.

They reviewed the mechanisms for preferring local content, including the mandatory list of national products that apply to contractors with government agencies.

Main aim of the list is to develop local content, in sectors such as construction, building, medical supplies, artwork, food, agricultural products, medicines and medical cosmetics.

The authority is also constantly updating the list in cooperation with its partners, representing various entities, including the Federation of Saudi Chambers.

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