Riyadh, October 12, 2022, SPA -- The Diriyah Gate Development Authority (DGDA) signed a collaboration agreement on Tuesday with the Local Content and Government Procurement Authority (LCGPA) aimed at further accelerating the development of local content. Under the terms of the agreement, the two sides will work together to increase local content in various sectors of mutual interest, including setting stricter requirements regarding the amount and ratio of local content in DGDA’s future projects. The two parties will also explore ways to develop and track the adoption of local content, as well as training and local capability building. The agreement was signed by Jerry Inzerillo, the Group Chief Executive Officer of DGDA, and Abdulrahman Abdullah Al Samari, the Chief Executive Officer of the LCGPA. Mr. Inzerillo stressed the importance of collaboration between the two authorities in developing a purpose-built local content program for DGDA’s projects. “Moving forward, more of DGDA and its subsidiaries’ expenditure on projects will prioritize local content,” he said. “We will also make it easier to read and understand the local content requirements in our project prospectuses and technical specifications. We’ll even have a team in place dedicated to growing local content, which will be prioritized in all of our current and future projects.” Mr. Al Samari was equally upbeat about the collaboration, highlighting the enforcement of local content requirements as a vital part of the agreement. “This agreement will not only help build local capabilities,” he said, “but will also help transfer knowledge and expertise through training workshops with DGDA, exploring ways to bolster and enforce local content compliance. These will help ensure that we meet LCGPA’s targets on a national level and enhance government procurement performance and monitoring to achieve key economic and developmental goals.” --SPA 17:51 LOCAL TIME 14:51 GMT 0020 www.spa.gov.sa/w1797281