شركة أسامه عبداللـه الخريجى وشركاؤه
Local Content
Starting from the launch of Vision 2030, the Kingdom launched programs and legislation targeting the growth of the local, non-oil economy, and in line with the vision, the Kingdom established controls to enable this transformation, which entail preserving the largest possible amount of expenses incurred within the Kingdom by the targeted entities, as this includes individuals, and all concerned parties, whether governmental or private. Believing in the goals of the vision and the efforts of our Kingdom and its innovative Saudi elements, including the workforce, goods, services, productive assets and even technology, we seek in our company to provide customized and integrated solutions that help establishments achieve their goals in increasing the percentage of the local economy and enhancing entities’ roles in the local market in accordance with local government requirements and guidelines.
Our Services:
1. Local Content Consulting
This service involves providing assistance to the company in increasing the local content ratio, either at the level of the establishment or the contract, through studying and understanding the nature of the activities and the local market in which the entity is operating. Additionally, we leverage our expertise in local laws and regulations pertaining to local content, ensuring seamless compliance and optimized outcomes for the advantage of our clients.
2. Alignment of Company Systems to Comply with Local Content Measurement Modules
This service entails adjusting the company’s systems to align seamlessly with the requirements of local content measurement models, ensuring swift and accurate assessment of local content percentage.
3. Measurement of Local Content Percentage:
This service involves implementing agreed-upon procedures to ensure compliance with the specific models for measuring local content and preparing the necessary reports in accordance with the requirements of the Local Content Authority. The Local Content Authority and Government Procurement have defined several models for measuring the local content ratio and established specific procedures to ensure their accuracy
Detailed Content
Starting from the launch of Vision 2030, the Kingdom launched programs and legislation targeting the growth of the local, non-oil economy, and in line with the vision, the Kingdom established controls to enable this transformation, which entail preserving the largest possible amount of expenses incurred within the Kingdom by the targeted entities, as this includes individuals, and all concerned parties, whether governmental or private. Believing in the goals of the vision and the efforts of our Kingdom and its innovative Saudi elements, including the workforce, goods, services, productive assets and even technology, we seek in our company to provide customized and integrated solutions that help establishments achieve their goals in increasing the percentage of the local economy and enhancing entities’ roles in the local market in accordance with local government requirements and guidelines.
Firstly, local content consists of the following elements:
Source: Local Content & Government Procurement Authority - LCGP’s website (https://lcgpa.gov.sa/ar/LocalContent/Pages/default.aspx)
The advantages of complying with local content ratio requirements for each company are as follows:
- Enhancement of business opportunities and creation of a competitive edge
- Adaptation to market trends
- Establishment of a favorable reputation
Secondly, Our Services:
1. Local Content Consulting
This service involves providing specialized consulting services to assist establishments in increasing their targeted local content ratio. We aim to enhance their ability to meet local requirements and fulfill governmental directives. The service includes providing assistance in analyzing the nature of the establishment's commercial activities and identifying areas for improvement to increase local content ratios. Under the supervision of our certified experts, we provide tailored advice and strategies regarding relevant local legislation and policies.
2. Alignment of Company Systems to Comply with Local Content Measurement Modules
Providing assistance starting from developing internal policies and necessary procedures, proceeding to preparing an executive plan for gradual or immediate implementation upon request, and all the way to monitoring the necessary procedures and measures, which contribute to ensuring compliance and continuous improvement. Thus, achieving the desired objectives of increasing the percentage of local content with the highest possible efficiency.
3. Measurement of Local Content Percentage:
This service involves carrying out agreed-upon procedures to ensure compliance with the specific models for measuring local content and preparing the necessary reports according to the requirements of the Local Content Authority. The Local Content Authority and Government Procurement have identified several models for measuring the local content ratio and established specific procedures to ensure their accuracy.
The models for measuring local content are as follows:
a) Baseline Local Content Measurement Model:
These models are used by commercial entities to measure the actual local content performance based on the previous fiscal year on an annual basis.
b) Targeted Local Content Measurement Model:
These models are used to measure the targeted local content ratio by competitors, either at the entity or contract level, when submitting bids requiring a specified targeted local content ratio.