This means that we have an additional role to play in developing the local supplier base, to build its capacity to deliver goods and services that we require. Supporting the development of this supplier base has been a major focus for our Local Content Program in 2020. This year, we have been in contact with over 100 different organizations to develop our pipeline of supplier development opportunities. For all of our opportunities we adopt a standard but flexible process, to try and accelerate the development of new Saudi Arabian based suppliers in our supply base.
This is already having a real impact. In 2020, we have formed strong and mutually beneficial relationships with local suppliers for products ranging from aluminium scrap, anti-scalant and anti-foamer, conveyor belt rollers, coal tar pitch, sodium cyanide and the supply of calcined petroleum coke. We are also in discussions with local suppliers for contracts for fatty acid production and the supply of liquid nitrogen. Collectively, these potential contracts could have a value of almost 400m SAR.
