FIPCO Clinches Top Honor for Local Content Excellence Among Large Establishments

Filling & Packing Materials MFG. Co. (FIPCO) declared on Sunday its victory in securing the first position in the private sector category and attaining the Excellence Award in Local Content for Large Establishments in the Industrial and Mining Sector, bestowed by the Local Content and Government Procurement Authority (LCGPA).

The emphasis on local content underscores efforts to enhance and maximize national purchasing power, fostering a robust and sustainable economy. FIPCO’s unwavering commitment to societal contribution aligns with the objectives set forth by the visionary leadership, aimed at augmenting the proportion of local content within the national economy. Recognizing the pivotal role of local content standards in evaluating companies, FIPCO has devised a strategic plan and leveraged all available resources to bolster its local content metrics.

Moreover, FIPCO has achieved a commendable local content score compared to peers in the industrial and mining sector, promising substantial benefits for its clientele. This accomplishment is poised to amplify support from the company’s customers and enhance their value proposition, facilitating eligibility for price preference in government tenders and other competitive advantages.

In a testament to its excellence, FIPCO emerged victorious over competitors in the industrial and mining sector’s category of large establishments, securing the prestigious Excellence Award from LCGPA. The accolade follows a rigorous evaluation process conducted by specialized experts and impartial arbitrators.

Mr. Abdullah Alharbi, CEO of FIPCO, was honored with the award by His Excellency Mr. Bandar AlKhorayef, the Minister of Industry and Mineral Resources and Chairman of LCGPA, alongside Mr. Abdulrahman Alsamari, CEO of LCGPA, during the Local Content Award ceremony held on the evening of Wednesday, February 14, 2024.

FIPCO remains steadfast in its commitment to implementing initiatives that elevate its local content score, striving to make this accolade a recurring achievement pursued annually.