LCGPA leads ecosystem to unleash local potential

Officials from a number of major Saudi companies participated in a panel discussion at the ceremony in Riyadh.
Updated 22 October 2019

LCGPA leads ecosystem to unleash local potential

The Local Content & Government Procurement Authority (LCGPA) launched the Local Content Partnerships initiative during a ceremony in Riyadh attended by several VIPs including ministers and representatives from government entities and major national companies. This initiative forms LCGPA’s first strategic plan that aims to establish lasting and sustainable partnerships with public and private sector companies in order to effectively contribute toward developing local content throughout various sectors in Saudi Arabia. 

The ceremony also witnessed the announcement of the Local Content Coordination Council (LCCC) as LCGPA’s arm for coordinating efforts between public and private sector entities in order to develop the elements of local content and raise their potential within the Kingdom. LCGPA signed several MoUs in this regard with LCCC members, which comprise a number of major Saudi companies including: Saudi Aramco, SABIC, Saudi Arabian Mining Company (Ma’aden), Saudi Telecom Company (STC), Saudi Arabian Airlines, Saudi Electricity Company (SEC), and Saudi Commerce Chambers. 

Moreover, the event included signing several MoUs between LCGPA and the Saudi General Authority for Military Industries (GAMI) to ensure an integrated development of local content at the local economy level. 

HIGHLIGHT

The ceremony also witnessed the launch of the Local Content Coordination Council (LCCC) as LCGPA’s arm for coordinating efforts between public and private sector entities.

Dr. Ghassan bin Abdulrahman Al-Shibel, LCGPA chairman, said the Local Content Partnerships initiative enables members, from major public and private sector entities, to work together toward a clear mission to develop and activate a strategy to boost local content, incorporate increased national elements on various fronts, including the workforce, commodities, services, assets, and technologies, and promote non-oil sectors’ capabilities based on Saudi Vision 2030. 

Chairman of SABIC Dr. Abdul Aziz bin Saleh Al-Jarbou said that SABIC is proud to be a member of LCCC and committed to playing a leading role in enabling Saudi Vision 2030 and the National Industrial Development and Logistics Plan (NIDLP) to increase the local content and enable it as an economic source to increase the GDP. 

STC Chairman Nasser bin Sulaiman Al-Nasser highlighted several programs launched by STC including the “Rawafed” program that supports the nationalization of jobs, industries, and innovation, in addition to supporting SMEs. 

SEC CEO Fahad bin Hussein Al-Sudairy stated that over the past five years, the company has given a competitive advantage of 10 percent to the prices of local factories, compared to foreign products, to stimulate them and increase their market share in the field of electrical industries. The number of local factories registered with the company’s systems surged by 840 percent to 575 factories. 

 

 

 

 

 


Seafood lovers flock to LuLu fiesta

LuLu Hypermarket’s annual seafood festival, held in association with the National Fisheries Development Program, was attended by senior officials from the fisheries department and LuLu.
Updated 20 November 2019

Seafood lovers flock to LuLu fiesta

LuLu Hypermarket hosted its annual “Seafood Fiesta,” a showcase of more than 100 varieties of fish and shellfish across its stores in the Kingdom.
The seven-day festival, which ran until Nov. 17, was held in association with the National Fisheries Development Program, a subsidiary of the Department of Ministry of Environment, Water and Agriculture (MEWA).
LuLu honored seven Saudi fishermen who completed 50 years in the field of fishing. The seafood festival was inaugurated by Abdul Aziz A. Alshehab, general director of Fisheries Research Center, Eastern Province, at LuLu Hypermarket in Dammam. At its Jeddah branch in Amir Fawaz district, the event was inaugurated by Rada Al-Zahrani, director of the fisheries department in Jeddah, while at the Riyadh branch in Murabba district, Dr. Ali Muhammed Al-Shaikhi, CEO of National Fisheries Development Program, opened the event.
Shehim Muhammed, director of LuLu Hypermarket Saudi Arabia, said: “We have always taken pride in offering fresh and high-quality seafood from around the world. Seafood Fiesta is one such event that proves the commitment of LuLu to bring the widest range of fish and shellfish that is well-loved by both the local and expat communities. We also support local produce, as we are recognized as the top seller of Samaq-certified products, which highlight fresh and cooked seafood that is promoted by the national aquaculture product certification and labeling program of the Saudi Aquaculture Society, under the guidance of MEWA.”

HIGHLIGHT

LuLu honored seven Saudi fishermen who completed 50 years in the field of fishing, during the seven-day festival, which ran until Nov. 17.

From Norwegian salmon to sea bass, lobster, kingfish and much more, LuLu offered fish and shellfish products in both fresh and frozen options. Apart from the seafood offerings in the wet section, the hypermarket offered a variety of fish dishes at its hot food stations. Japanese maki, prawn pizza, grilled tuna, salmon quiche, fish masala and tuna puff were some of the main attractions at these counters.
LuLu Hypermarket, one of the largest retailers in the region, recently celebrated the group’s 10th anniversary in the Kingdom.
With 180 stores operating worldwide, LuLu aims to provide and sustain the supply of global products at the best rates. It is one of the favorite shopping destinations of both locals and expatriates in the Kingdom.
LuLu is the fastest growing retail chain across 10 countries that include the GCC, India, Egypt, Indonesia, and Malaysia. It is one of the Middle East’s top employers with a workforce numbering at more than 55,000.