Local Content & Government Procurement Authority Meeting

July 31, 2023

A productive meeting took place between Mr. Maher H. Al-Muqabqab, the Chief Operations Officer, and Mr. Turki Al-Qahtani, the Shareholder Relations Manager, with the team from the Local Content Authority in Riyadh. During the meeting, significant updates regarding InoChem’s ongoing project were discussed, and a collaborative effort with the authority was explored to implement strategies aimed at safeguarding InoChem’s products from competition while simultaneously promoting local content in Riyadh. These measures have been recognized and included in the mandatory procurement list, signifying their importance and commitment to supporting Saudi products of exceptional quality. Furthermore, the team received a comprehensive briefing on additional initiatives undertaken by the Local Content Authority, along with guidance on how to maximize the benefits derived from these initiatives. This productive exchange of information and ideas sets a promising course for InoChem’s future endeavors and strengthens its position within the Saudi market.