Local Content Authority urges SMEs to apply for certificate incentive scheme
Saudi Arabia's Local Content Authority is encouraging small and medium factories to benefit from an initiative that subsidizes local content certification costs.
Key Takeaways
AIThe Local Content and Government Procurement Authority has called on small and medium-sized factories to take advantage of the benefits offered by the Local Content Certificate Incentive Initiative.
The Authority explained via X that the initiative aims to boost these companies’ competitiveness in government procurement and give preference to their products over competitors.
The initiative provides full or partial coverage of the local content audit costs, which are conducted by accredited audit firms, helping to ease financial burdens on factories.
This step also supports the growth of the local industrial sector and increases the proportion of local content in government projects.
The Authority stated that joining the initiative helps to:
Increase purchase requests directed to your factory.
Give your factory preference over competitors in government procurement.
Cover all or part of the local content audit costs provided by audit firms.
For more details, visit here
View the post on X