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Saudi PIF launches Local Content Growth Program to grow private sector competition and innovation

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28 Oct 2022 02:10:22 GMT9
28 Oct 2022 02:10:22 GMT9

Arab News

RIYADH: The Public Investment Fund has launched a Local Content Growth Program aiming at growing competition and innovation in the private sector.

The initiative aims to achieve PIF’s goal of 60 percent of the Kingdom’s economy being generated through local content by 2025.

The PIF approved the program to encourage and support local private sector products and services.

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