As the national champion for the mining industry, Ma’aden is committed to maximizing the contribution of the mining industry to the Saudi Arabian economy through investments in labour, goods, services, assets and technology in line with the national Vision 2030.
We aim to achieve this vision through a focus on five strategic objectives:
- Maximize employment opportunities for Saudi nationals
- Maximize participation of local businesses in our supply chain
- Maximize opportunities for Local SMEs
- Maximize economic opportunities for communities in remote regions
- Fulfil our role as industry champion and drive Local Content throughout the mining industry supply chain
In 2020, 74% of our supply chain was placed with local suppliers, and we aspire to go further.
We offer a Local Content Program for investors who are interested in building the Kingdom’s industrial capability and capacity. We work with partners to identify investment opportunities on Local Content contributions across four different dimensions of our business – supply chain, downstream, workforce and projects.
We can provide support and guidance to potential investors in a number of ways:
- Demand Information: Details on Ma’aden’s expenditure and future requirements
- Technical Support: Access to skilled Ma’aden resources to support on feasibility studies
- Letter of Support: Introductions to Ma’aden partners and other stakeholders
- Memorandum of Understanding: Joint commitment to investigate and develop Local Content opportunities
- Funding: Introductions to funding partners offering preferential terms
- Fast Track Registration: Priority track to complete Ma’aden supplier registration
- Bidder List Inclusion: Access to Ma’aden tenders and procurement
- Framework Agreement: Supply of goods and services to Ma’aden through localized supply capability
From a total of almost 2,000 spend categories, we identified 99 opportunities that we believe offer the greatest opportunity to boost Local Content in the mining industry supply chain. We have also identified 24 products or by-products from Ma’aden operations that offer potential opportunities for investors to develop downstream business using Ma’aden’s output.
To find out more about our Local Content Program, please click here