The decision to localize purchases and its impact on establishments
How does the decision to localize procurement affect your facility and what steps are needed to comply
The decision to localize procurement is one of the Vision 2030 initiatives that aims to enhance local content and support the national industry.
What is the localization of procurement?
It is obligating government agencies and major companies to give priority to local products and services when purchasing.
Its impact on establishments:
- New opportunities for local enterprises
- Additional requirements for compliance
- The necessity of registering on government procurement platforms
- Improving competitiveness
How does your facility prepare?
1. Register on the Etimad platform for government procurement
2. Obtain a local content certificate
3. Develop your products and services to meet the required standards
4. Cooperate with local suppliers
The Business Correction Office helps you register and comply with procurement localization requirements.