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Localisation

Localisation

Localization in Saudi Arabia
AWAL Group is your trusted industrial partner in localization (Saudi-Made) whilst Empowering Economic Growth

  • Well-established business
  • Local manufacturing capabilities
  • Power Press Factory
  • CNC Machining Factory
  • Powder Coating Factory
  • Injection Molding Factory
  • Wood Factory
  • Market position across multiple sectors and strategic customers
  • Tapping on local echo-system for enhanced local contents.
Understanding Localization

Localization, also known as Saudization, is a strategic initiative in Saudi Arabia aimed at enhancing the national economy by promoting local participation across various sectors. Let’s explore the significance of localization and its impact on economic development:

 

Definition:
  • Localization encourages businesses to establish their operations within the Kingdom of Saudi Arabia.It involves
  • maximizing the use of local resources, including workforce, goods, services, and technical assets
  • Key Objectives:
  • Job Creation: Localization generates employment opportunities for Saudi citizens.
  • Revenue Streams: By fostering local manufacturing and production, it contributes to the Kingdom’s economic growth.
Local Content Elements:
  • Workforce engagement
  • Goods and materials sourcing
  • Service utilization.
  • Domestic production
  • Technical asset development
  • Local Content Elements:
The “Made in Saudi” Brand Brand Recognition:
  • The Made in Saudi program aims to create brand recognition for local products.
  • It emphasizes high-quality standards and builds trust among consumers.
  • Government Initiatives:
  • The government incentivizes localization by:
  • Requiring companies to establish headquarters in the Kingdom by 2024 for public sector contracts.
  • Requiring companies to establish headquarters in the Kingdom by 2024 for public sector contracts.
  • Increasing tariffs on most imports from the GCC.
  • Prioritizing local firms in procurement decisions.
Looking Ahead

If interested in tapping on Saudi Arabi business opportunities and market potential, please reach out to AWAL to learn more how we can help your business on “Win-Win” partnership scenario.
Join AWAL in shaping a resilient and prosperous Saudi Arabia through localization of your products and services!

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