We know, as a major purchaser of services, that we also have the opportunity to champion the importance of Local Content to those who provide goods and services to us.
We are committed to supporting local sourcing of materials, staff and services, thereby maximising economic opportunities for communities in remote regions of Saudi Arabia. We are working with our suppliers to make sure that they too can contribute towards the delivery of this ambition.
In 2020, we launched a new Supply Chain Workforce Initiative. This Initiative aims to deliver sustained increased levels of Saudization, in the major service providers to Ma'aden operations. We plan to work with them to convert existing roles, or create new roles, to provide sustainable opportunities for the employment of Saudis.
We believe this represents a significant opportunity to increase Saudization of the workforce. Our 2020 research estimates that, of the approximately 47,000 people employed in our supply chain, only 18,000 of these are Saudi nationals. The difference of 29,000 represents a very significant opportunity to offer new, high quality, jobs and careers to Saudi nationals.
This is an opportunity which we must take. We have already started working with all of our largest and most important contractor organizations and we expect initial results before the end of 2021.
Total Supply Chain
Relevant Cost: SAR 10,126 million
Total Supply Chain
Employees: 47,078
Total
Employees: 52,783
Total Ma’aden
Employees: 5,837
Total Supply Chain
Spend: SAR 10,126 million
Total Local
Spend: SAR 7,541 million
Total LC Contribution: SAR 8,850 million
Total Relevant Cost: SAR 16,334 million
A: LC Procurement Contribution
B: LC Staff Contribution
C: LC R&D and Investment in KSA Contribution
Non-Local Content
Notes: All Local Content and supply chain Saudization calculations are based on assumptions; Non-supply chain components of the relevant cost and total LC are calculated based on available quarterly data.
Total Supply Chain
Relevant Cost: SAR 10,126 million
Total Supply Chain
Employees: 47,078
Total
Employees: 52,783
Total Ma’aden
Employees: 5,837
Total Supply Chain
Spend: SAR 10,126 million
Total Local
Spend: SAR 7,541 million
Total LC Contribution: SAR 8,850 million
Total Relevant Cost: SAR 16,334 million
A: LC Procurement Contribution
B: LC Staff Contribution
C: LC R&D and Investment in KSA Contribution
Non-Local Content
Notes: All Local Content and supply chain Saudization calculations are based on assumptions; Non-supply chain components of the relevant cost and total LC are calculated based on available quarterly data.