{"id":288750,"date":"2021-02-16T17:26:38","date_gmt":"2021-02-16T20:26:38","guid":{"rendered":"https:\/\/anba.com.br\/?p=288750"},"modified":"2021-02-16T18:39:49","modified_gmt":"2021-02-16T21:39:49","slug":"saudi-government-to-change-its-approach-to-contracting","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/saudi-government-to-change-its-approach-to-contracting\/","title":{"rendered":"Saudi government to change its approach to contracting"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 As of 2024, the Saudi government will no longer contract with foreign companies unless they have their regional headquarters in Saudi Arabia, the <em>Saudi Press Agency<\/em> (<em><a href=\"https:\/\/www.spa.gov.sa\/viewfullstory.php?lang=en&amp;newsid=2191782#2191782\" target=\"_blank\" rel=\"noopener\">SPA<\/a><\/em>) quoted an undisclosed source as saying.<\/p>\n<p>This will include all government-owned agencies, institutions and funds, effective January 1, 2024. According to the <em>SPA<\/em>, the move is intended to encourage the localization of foreign enterprises that do business with the Saudi government or any of its arms, as well as to create jobs, increase spending efficiency and \u201cguarantee that the main goods and services purchased by the different government agencies are made in the Kingdom with appropriate local content,\u201d <em>SPA<\/em> reported.<\/p>\n<p>The source said this directive comes in connection with the Saudi capital\u2019s Riyadh 2030 plan, made public during the recently held Future Investment Initiative forum, which saw 24 foreign enterprises announce their intent to move their regional headquarters to Riyadh.<\/p>\n<p>The directive is also in line with the Saudi Arabian crown prince Mohammed bin Salman\u2019s Vision 2030 plan to create jobs and diversify the economy away from oil.<\/p>\n<p>SPA reported that the administration\u2019s move \u201cwill not affect any investor\u2019s ability to enter the Saudi market, or to continue their business with the private sector, stating that regulations related to this decision shall be issued during 2021.\u201d<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-288740\">Eric Lafforgue\/Hans Lucas\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A source said that as of 2024, the administration will no longer contract with foreign enterprises unless they have their regional headquarters in Saudi Arabia.<\/p>\n","protected":false},"author":2316,"featured_media":288740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[11910,27335,9595,39085],"class_list":{"0":"post-288750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-arabia-saudita-en","9":"tag-riad-en-2","10":"tag-saudi-arabia-en","11":"tag-saudita-en-2"},"wps_subtitle":"A source said that as of 2024, the administration will no longer contract with foreign enterprises unless they have their regional headquarters in Saudi Arabia. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/288750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=288750"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/288750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/288740"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=288750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=288750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=288750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}