Media ININ Economy We Trust
MediaIn / Riyadh 01 -05-2019
During a workshop under the theme “Building Program for the Localization of Electrical Industries and the Registration and Qualification Mechanism”, the Saudi Electricity Company reviewed a number of investment opportunities in the electrical projects and facilities offered to contractors, investors and local manufacturers at the headquarters of the Chamber of Commerce and Industry in Al Majmaa in the presence of a large number of Specialists and interested men and women business and companies specialized in the field of electric power industry.
The company’s specialists highlighted the “build” program and the objectives and aspirations that Saudi Electricity aims to achieve during the coming period through the program and highlighted the achievements that contributed to the localization of a number of equipment and electrical industries, and the average ratio of local purchases of the company for the past four years to about 68 %.
Saudi Electricity has shown that it has many investment opportunities that investors and businessmen can take advantage of. The company offers competitive advantage according to the local product content ratio by up to 10% in order to support and encourage contractors to use Saudi products in line with the vision of the Kingdom 2030 and to contribute to Supporting the national economy and the local content of industries in the Kingdom.
For their part, the attendees and members of the Chamber of Commerce and Industry expressed their happiness at what was identified during the workshop, and the facilities and advantages offered by the program “builders” for contractors, manufacturers and investors to raise the proportion of local content, praising at the same time the achievements of the company, Of the 575 factories, and the growth rate of local factories registered with the systems of the Saudi Electricity Company by about 840% since 2001 so far.
