Regulation on the Preference Regulation for Local Content and Local Small and Medium Enterprises
Date of Publication
2023-02-05
Circular number
119
Subject of Circular
Regulation on the Preference Regulation for Local Content and Local Small and Medium Enterprises

Content

Gentlemen / Respected members of Najran Chamber                                            

                                             

Peace be upon you and God's mercy and blessings

In reference to the letter of the Federation of Saudi Chambers No. (44102730) dated (10/07/1444 AH) containing that the Federation received a telegram from the Local Content and Government Procurement  Authority regarding the  regulation of  preference for local content, local small and medium enterprises and companies listed in the capital market of business and procurement, which includes an agreement with the Authority of Efficient Businesses and Procurement. Government projects agreed to determine the range of the  value of  high-value  contracts  to become contracts whosevalue is equal to the amount of twenty-five million (25,000,000) Saudi riyals.  Business and procurement contractsequal  to or exceeding the estimated value of the amount of twenty-five million (25,000,000) Saudi Riyals  will be treated as of 01/09/1444H.

Inthis regard, you can contact  the unified call center  of the Local Content and Government Procurement Authority on (19915).

Therefore, we inform you of this for information and information.

Accept my sincere greetings and appreciation