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alfanar Launches "Estidama" Program to Drive Local Content Development at the Local Content Forum
alfanar has announced the launch of its new "Estidama" program in collaboration with the Local Content and Government Procurement Authority as part of its activities during the second edition of the Local Content Forum 2024
organized by the Authority, featured by the attendance of Mr. Abdulrahman Bin Abduallah Al Samari, CEO of the Local Content and Government Procurement Authority, and Eng. Sabah Al Mutlaq, Vice Chairman of alfanar.
The Estidama program marks a new chapter in alfanar's commitment to supporting local content development in alignment with Saudi Vision 2030. It is designed to enrich supply chains, increase the participation of local suppliers and contractors in the company's projects, and foster economic localization. Its framework is built on strategic pillars such as developing local talent, integrating local content practices into procurement, advancing national industries, localizing technology, and empowering local companies within the supply chain field. These initiatives emphasize alfanar's position as a leader in the industrial and energy sectors.
Speaking about the launch, Eng. Sabah Al Mutlaq, Vice Chairman of alfanar, remarked: "alfanar has always been a committed partner in achieving the local content targets and fostering sustainable growth. The Estidama program is another step for us to reinforce our efforts to build strong local supply chains, empower businesses, and integrate economic opportunities for the Kingdom, aligning with the ambitious goals of Saudi Vision 2030. Our vision is to contribute to a resilient and thriving future for the Kingdom by empowering local talent and industries to drive national progress."
The Estidama program is expected to substantially impact the national economy by creating sustainable job opportunities through targeted hiring strategies and robust training programs. It also aims to drive innovation by building partnerships with local research and development centers and supporting the growth of local suppliers to deliver significant value across diverse projects.