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Saudi Electricity Company has offered 100 investment opportunities for the manufacture and supply of materials
and spare parts. The company wishes to localize its industry and increase the local content in its manufacturing, in
order to provide the companys projects, facilities and operations within the "Emiratization" program implemented
.by the company as part of its strategy to encourage the national industry
Eng. Mohammed Al-Omar. Director of the Emiratisation and Rehabilitation Department at the Saudi Electricity
Company, revealed that the 100 opportunities offered to the private sector in Saudi Arabia are valued at between
20 and 25 billion rivals for the next five years, adding that the company will provide all the data and information
about these opportunities to investors wishing to benefit from These opportunities, especially the financial and
.technical information and data that help them in the preparation of feasibility studies
The total purchases and contracts of "Saudi Electricity" in the next five years are expected to reach 100 billion
.rivals, which helps the company to prioritize the local content of these purchases and contracts
Saudi Electricity Companys strategy is in line with Saudi Arabias Vision 2030, which aims to increase local
content to nearly 50% of the Kingdoms total purchases of approximately S 230 billion and rely on national
factories. Al-Omar said that the Emiratization strategy began in 2014 and includes three initiatives Aims to
increase the percentage of Emiratisation in the companys projects and in the procurement of materials from
.national factories and identify the investment opportunities to be settled |
