SABIC Promotes Localization, National Workforce Development At Local Content Forum

SABIC participated in the Local Content Forum in Riyadh on September 5 and 6 to promote localization, support national industries, and stimulate national workforce development through its NUSANED™ local content initiative.

Organized by the Local Content and Government Procurement Authority, the Forum was attended by Khalid Al-Dabbagh, SABIC Chairman, Yousef Al-Benyan, SABIC Vice Chairman and CEO, and Faisal Al-Bahair, CEO, Nusaned Investment. In addition, a number of ministers and other dignitaries also attended and participated in panel discussions and workshops. Members of the Local Content Coordination Council, which includes a number of leading companies, were among the prominent participants. 

Abdullah Al-Arifi, SABIC Vice President, Local Content and Business Development Unit (LCBDU), participated in a panel discussion and highlighted the company's successful achievements in local content development, creating downstream business opportunities, and developing a competent national workforce through training and entrepreneurship.

SABIC, represented by LCBDU, participated in the forum’s various activities including its dialogue sessions and an exhibition which was held on the sidelines.

SABIC introduced NUSANED™ at the Forum and explained how the company formulated procurement strategies based on the initiative and helped in human resource development. SABIC also outlined the key challenges faced in developing local suppliers and highlighted its efforts to build fruitful relationships with the public sector. 

The biennial Forum aims to promote the concept of localization and raise awareness on how local content can be increased and measured. It further seeks to boost cooperation between the public and private sectors and explore local content development opportunities.