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1、in Saudi ArabiaLocal ContentLocal Content Definition&ElementsLCGPA OverviewLocal Content MechanismsLocalization of Industry and Knowledge Transfer(Success Stories in the Water Sector)Content1.2.3.4.Definition&ElementsLocal Content4Approved Definition of Local ContentCapacity BuildingCompensationAsse

2、t DepreciationR&D and training for Saudi labor.The workforce involved in producing goods or offering services.Sources and components of goods used to develop production chains.Local content is the total spending in the Kingdom of Saudi Arabia on Saudi components within labor,goods,services,assets,an

3、d technology.In other words,it is the value added to the GDP as a result of spending on national elements i.e.human resources,products,services and technology.Calculated from the value of expenditures on R&D and employee training.Calculated from total salaries of the Saudi workforce and part of the

4、salaries of the non-Saudi workforce.Calculated from the value of expenditures on assets.Goods and ServicesLocal components used in producing goods and services.Calculated from the value of the local components used.What is Local Content?LCGPA OverviewLocalContentandGovernmentProcurement Authority(LC

5、GPA)6LCGPA Vision,Mission and ValuesNurturing local potential and capitalizing the national purchasing power for a strong and sustainable economy.VisionDeveloping and monitoring knowledge-based policies and tools,enhance awareness and participation in the development of local content among all targe

6、ted segments.MissionInnovationDelivering ImpactValuesCollaborationSustainabilityEmpowerment7LCGPA is one of the active government agenciesin achieving Saudi Vision 2030 goalsThe most prominent goals are:Promoting Local ContentStimulating Local InvestmentContribution to Achieving Saudi Vision 2030LCG