Gov’t tenders hit SAR 193.8B in H1 2023

16/12/2023 Argaam
Logo ofLocal Content and Government Procurement Authority (LCGPA)

Logo of Local Content and Government Procurement Authority (LCGPA)

The value of government tenders offered in the first half of 2023 totaled SAR 193.8 billion, a new report of the Local Content and Government Procurement Authority (LCGPA).

 

The total value of awarded tenders reached SAR 58.5 billion. The percentage of local content in government procurements stood at 42.9%.

 

The local content and Saudization requirements applied to 32,400 in the six-month period.
 

Local Content in Gov’t tenders in H1 2023

Item

Details

Total value of gov’t tenders (SAR bln)

193.77

Total value of awards (SAR bln)

58.53

Percentage of local content in gov’t procurements

42.85 %

Number of gov’t tenders to which local content and Saudization requirements apply

32400

Coverage of local content, Saudization mechanisms

92.10%

Value of tenders to which the local content, Saudization mechanisms apply (SAR bln)

178.47

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