وزارة الطاقة ترعى اتفاقية لتوطين صناعة ونقل تقنية “نظام استرداد الحرارة” مع هيئة المحتوى المحلي

The Local Content and Government Procurement Authority has announced the signing of a significant agreement aimed at localizing the manufacture and knowledge transfer of heat recovery systems, in collaboration with SNT Gulf Industries. This initiative is under the auspices and supervision of the Ministry of Energy and will result in the company’s inclusion in the mandatory list of national products.

This agreement is part of the ongoing efforts by the government to enhance local content within the energy sector. The ultimate goal is to strengthen supply chains for targeted products while improving the efficiency of power generation plants. By fostering the development of new industries, this initiative aims to establish a robust and sustainable industrial base within the Kingdom.

Abdulrahman Al-Sumairi, the CEO of the authority, highlighted that this agreement is projected to contribute approximately 2.6 billion Saudi Riyals to the national gross domestic product (GDP). Moreover, it is expected to create over 250 new jobs, which will play a pivotal role in achieving self-sufficiency in the Kingdom’s energy sector.

The authority’s ambition includes not only localizing industries and transferring knowledge but also enhancing national capabilities and promoting sustainable development. These actions are aimed at effectively improving the infrastructure of local industries and increasing competitiveness in global markets.

By synergizing efforts between various sectors, this agreement represents a strategic step forward in transforming the energy landscape in Saudi Arabia. The focus on local production aligns with the nation’s broader objectives of economic diversification as outlined in the Vision 2030 initiative. As the Kingdom seeks to reduce its reliance on imports and develop a more self-sustaining economy, collaborations like this are vital.

In summary, the agreement between the Local Content and Government Procurement Authority and SNT Gulf Industries marks a crucial development in Saudi Arabia’s energy sector. It paves the way for technological advancement and job creation while reinforcing the Kingdom’s commitment to enhancing local content and industry sustainability. The anticipated economic impact underscores the significance of such initiatives in fostering a resilient and competitive industrial environment that supports the nation’s long-term vision for growth and diversification.