Local Content

Supporting and Developing Local Content

We fully realize the pivotal importance of local content as an essential factor for enabling economic growth and strengthening national industries within the Kingdom’s borders.

Therefore, our commitment is to provide integrated solutions and services aimed at developing and raising the level of local content, in line with the aspirations of our clients and the changing market requirements. Our services begin with the initial assessment and providing the necessary support for qualification and obtaining required certifications, extending to the formulation of effective operating strategies for maximizing this content.

Through our in-depth expertise, we strive to ensure the maximum possible benefit for your business, offering full support that guarantees your prosperity and sustainable growth.

Developing Local Content Policies

We provide the necessary support to our clients in designing and crystallizing Local Content policies and procedures, ensuring they are fully aligned with the strategic objectives set for their companies. This support guarantees you effective management that achieves the highest levels of efficiency and positive results in local content, while maintaining full adherence to all regulatory requirements and stipulations.

Our work includes establishing the standards and guidelines for selecting suppliers from the local market, promoting avenues of cooperation and partnership with national institutions, in addition to developing monitoring and follow-up mechanisms to ensure the successful implementation of these policies.

Local Content Review and Local Content Baseline

As a certified auditing and review firm appointed by the Local Content and Government Procurement Authority (LCGPA), we offer the necessary audit services, whether they are reviews at the entity level or at the level of specific contracts.

The primary objective of these services is to enable you to obtain the Local Content Certificate issued and accredited by the Authority. This opens up broader horizons for your company to access better competitive opportunities within government tenders, and enhances your overall competitiveness in the market.

Monitoring and Measuring Local Content

We are keen to provide periodic monitoring and evaluation services to assess the level of progress your establishments are making towards achieving the defined Local Content targets. Our services start with collecting and analyzing data related to your operations, proceeding through the preparation of detailed and comprehensive reports that illustrate the percentage of local content achieved across all operational activities, and finally, identifying areas and points that require intervention or improvement.

Preparing Local Content Reports

We undertake the task of preparing comprehensive and periodic reports that clearly illustrate the level of progress your establishment is making toward achieving its Local Content targets.

These reports include detailed statistics and data, alongside a precise analysis of performance, and offer practical recommendations for achieving continuous improvement. These reports play a vital role in monitoring performance and ensuring companies’ full commitment to implementing their set strategic plans.

Periodic and Final Local Content Reports

We assist you in meeting all regulatory requirements related to the submission of Local Content reports (periodic or final), whether they pertain to the contract or the entity, and for both the minimum threshold mechanism or the weight mechanism in financial evaluation.

We meticulously review and endorse these reports, in accordance with the official procedures approved by the Local Content and Government Procurement Authority (LCGPA), to ensure your full compliance with localization requirements and support for the national economy.

Measuring Target Local Content Percentage

We work to accurately define Local Content target percentages through a methodology that relies on a comprehensive analysis of project costs, whether they are historical costs or future estimates, along with the precise classification of all expenditures.

This process ensures that your clients establish targets that are realistic and achievable, serving as a first line of defense to protect establishments from exposure to financial penalties, which can reach up to 10% of the total contract value in projects belonging to government and semi-government entities.

Local Content Consulting

We offer specialized consulting services aimed at enabling organizations to formulate and implement successful strategies for increasing the percentage of Local Content. Our scope of work includes conducting a comprehensive survey and analysis of the company’s current status, followed by identifying strengths, weaknesses, and available opportunities, and concluding with the provision of specific procedural recommendations to raise performance efficiency and maximize Local Content contribution.

Local Content Planning and Model Development

We offer support to our clients in building robust strategic plans aimed at enhancing Local Content over the long term, in addition to developing specialized operating models and templates for this purpose.

Our services include clearly defining strategic objectives, establishing detailed implementation plans, and designing effective mechanisms for measurement and evaluation to ensure accurate monitoring of the establishment’s progress.

Are you ready to elevate your business to a higher level of professionalism and reliability?

Alaziq & Alzailaie CPA

Accountants and legal auditors

As an independent member of the RT ASEAN Network, we are part of a leading regional alliance of accounting and legal advisory firms committed to sharing expertise and elevating professional standards.

Our Services

Audit & Assurance

Tax and ZAKAT

Consulting

Governance and sustainability

Bankruptcy

Forensic Accounting

Local Content

Riyadh Office

Olaya Street – Al Mizan Tower
+966 11-4161008 Ext. 222
info@ihacpa.com
Sunday – Thursday, 08:00 AM – 05:00 PM

Jeddah Office

Madinah Road – Al Noor Tower
+966 12-6502477 – 0509672793
info@ihacpa.com
Sunday – Thursday, 08:00 AM – 05:00 PM