Alarabiya, 14 March 2023: The Public Investment Fund of Saudi Arabia has launched three initiatives to support local private sector companies, including a program called “Musahama” aimed at increasing local content participation to 60 per cent by the end of 2025.

The fund is also working with its affiliated companies to improve procurement practices to increase local content.

The second initiative is a supplier development program which supports the skills of local suppliers to meet the increasing demands of the fund and its companies.

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